Pegasus Therapeutic Riding Academy Inc
EIN: 232241291 · Philadelphia, PA
| Metric | Value |
|---|---|
| Total Revenue | $634K |
| Total Expenses | $487K |
| Net Assets | $361K |
Is Pegasus Therapeutic Riding Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pegasus Therapeutic Riding Academy Inc
Pegasus Therapeutic Riding Academy Inc (EIN: 232241291) is a nonprofit organization based in Philadelphia, PA. The organization reported total revenue of $634K and total assets of $466K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pegasus Therapeutic Riding Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pegasus Therapeutic Riding Academy Inc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $588K |
| Total Expenses | $487K |
| Surplus / Deficit | +$101K |
| Total Assets | $399K |
| Total Liabilities | $38K |
| Net Assets | $361K |
| Operating Margin | 17.2% |
| Debt-to-Asset Ratio | 9.6% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2023, Pegasus Therapeutic Riding Academy Inc reported a surplus of $101K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 9.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pegasus Therapeutic Riding Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.8% | -0.9% | +27.1% |
| 2022 | +4.1% | +10.8% | -5.3% |
| 2021 | +26.1% | -7.4% | -7.6% |
| 2020 | -22.6% | +3.6% | -21.9% |
| 2019 | -4.3% | +23.6% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pegasus Therapeutic Riding Academy Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pegasus Therapeutic Riding Academy Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $101K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.6%.
Frequently Asked Questions about Pegasus Therapeutic Riding Academy Inc
Is Pegasus Therapeutic Riding Academy Inc a legitimate charity?
Pegasus Therapeutic Riding Academy Inc (EIN: 232241291) is a registered tax-exempt nonprofit based in Pennsylvania. It has 13 years of IRS 990 filings on record. Total revenue: $634K. No red flags identified. Financial health grade: A.
How does Pegasus Therapeutic Riding Academy Inc spend its money?
Pegasus Therapeutic Riding Academy Inc reported $634K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pegasus Therapeutic Riding Academy Inc tax-deductible?
Pegasus Therapeutic Riding Academy Inc is registered as a tax-exempt nonprofit (EIN: 232241291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pegasus Therapeutic Riding Academy Inc located?
Pegasus Therapeutic Riding Academy Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 232241291.
How many years of IRS 990 filings does Pegasus Therapeutic Riding Academy Inc have?
Pegasus Therapeutic Riding Academy Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $634K in total revenue.
Filing History
IRS 990 filing history for Pegasus Therapeutic Riding Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pegasus Therapeutic Riding Academy Inc's revenue has grown by 62.1%, moving from $362K to $588K. Total assets increased by 44.4% over the same period, from $276K to $399K. Total functional expenses rose by 46.5%, from $332K to $487K. In its most recent filing year (2023), Pegasus Therapeutic Riding Academy Inc reported a surplus of $101K, with revenue exceeding expenses. The organization holds $38K in liabilities against $399K in assets (debt-to-asset ratio: 9.6%), resulting in net assets of $361K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $588K | $487K | $399K | $38K | — | — |
| 2022 | $453K | $491K | $314K | $54K | — | View 990 |
| 2021 | $435K | $443K | $332K | $33K | — | View 990 |
| 2020 | $345K | $479K | $359K | $52K | — | — |
| 2019 | $446K | $462K | $460K | $19K | — | View 990 |
| 2018 | $466K | $374K | $480K | $22K | — | View 990 |
| 2017 | $359K | $367K | $395K | $30K | — | — |
| 2016 | $347K | $374K | $384K | $22K | — | View 990 |
| 2015 | $446K | $375K | $391K | $11K | — | View 990 |
| 2014 | $357K | $366K | $329K | $15K | — | View 990 |
| 2013 | $379K | $333K | $345K | $29K | — | View 990 |
| 2012 | $337K | $328K | $269K | $10K | — | View 990 |
| 2011 | $362K | $332K | $276K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $588K, expenses of $487K, and assets of $399K (revenue +29.8% year-over-year).
- 2022: Revenue of $453K, expenses of $491K, and assets of $314K (revenue +4.1% year-over-year).
- 2021: Revenue of $435K, expenses of $443K, and assets of $332K (revenue +26.1% year-over-year).
- 2020: Revenue of $345K, expenses of $479K, and assets of $359K (revenue -22.6% year-over-year).
- 2019: Revenue of $446K, expenses of $462K, and assets of $460K (revenue -4.3% year-over-year).
- 2018: Revenue of $466K, expenses of $374K, and assets of $480K (revenue +29.8% year-over-year).
- 2017: Revenue of $359K, expenses of $367K, and assets of $395K (revenue +3.2% year-over-year).
- 2016: Revenue of $347K, expenses of $374K, and assets of $384K (revenue -22.2% year-over-year).
- 2015: Revenue of $446K, expenses of $375K, and assets of $391K (revenue +24.9% year-over-year).
- 2014: Revenue of $357K, expenses of $366K, and assets of $329K (revenue -5.8% year-over-year).
- 2013: Revenue of $379K, expenses of $333K, and assets of $345K (revenue +12.6% year-over-year).
- 2012: Revenue of $337K, expenses of $328K, and assets of $269K (revenue -7.0% year-over-year).
- 2011: Revenue of $362K, expenses of $332K, and assets of $276K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pegasus Therapeutic Riding Academy Inc:
Data Sources and Methodology
This transparency report for Pegasus Therapeutic Riding Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.