Promise Ranch Therapeutic Riding
EIN: 262431767 · Parker, CO
| Metric | Value |
|---|---|
| Total Revenue | $559K |
| Total Expenses | $601K |
| Net Assets | $-142,604 |
Is Promise Ranch Therapeutic Riding Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Promise Ranch Therapeutic Riding
Promise Ranch Therapeutic Riding (EIN: 262431767) is a nonprofit organization based in Parker, CO. The organization reported total revenue of $559K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Promise Ranch Therapeutic Riding's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Promise Ranch Therapeutic Riding is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $225K |
| Total Expenses | $601K |
| Surplus / Deficit | $-375,815 |
| Total Assets | $57K |
| Total Liabilities | $200K |
| Net Assets | $-142,604 |
| Operating Margin | -166.8% |
| Debt-to-Asset Ratio | 348.5% |
| Months of Reserves | 1.1 months |
Financial Health Grade: D
In 2023, Promise Ranch Therapeutic Riding reported a deficit of $376K with expenses exceeding revenue, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 348.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Promise Ranch Therapeutic Riding's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -66.0% | -5.1% | -96.8% |
| 2022 | +24.8% | +72.2% | +0.4% |
| 2021 | +62.4% | +20.7% | +3389.2% |
| 2020 | +11.6% | +0.3% | +52.8% |
| 2019 | +9.9% | +24.3% | -24.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Promise Ranch Therapeutic Riding 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 Promise Ranch Therapeutic Riding 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 deficit of $376K, with expenses exceeding revenue.
- Debt-to-asset ratio: 348.5%.
Frequently Asked Questions about Promise Ranch Therapeutic Riding
Is Promise Ranch Therapeutic Riding a legitimate charity?
Promise Ranch Therapeutic Riding (EIN: 262431767) is a registered tax-exempt nonprofit based in Colorado. It has 13 years of IRS 990 filings on record. Total revenue: $559K. No red flags identified. Financial health grade: D.
How does Promise Ranch Therapeutic Riding spend its money?
Promise Ranch Therapeutic Riding reported $559K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Promise Ranch Therapeutic Riding tax-deductible?
Promise Ranch Therapeutic Riding is registered as a tax-exempt nonprofit (EIN: 262431767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Promise Ranch Therapeutic Riding located?
Promise Ranch Therapeutic Riding is headquartered in Parker, Colorado and files with the IRS under EIN 262431767.
How many years of IRS 990 filings does Promise Ranch Therapeutic Riding have?
Promise Ranch Therapeutic Riding 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 $559K in total revenue.
Filing History
IRS 990 filing history for Promise Ranch Therapeutic Riding showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Promise Ranch Therapeutic Riding's revenue has grown by 55%, moving from $145K to $225K. Total assets decreased by 59.4% over the same period, from $141K to $57K. Total functional expenses rose by 544%, from $93K to $601K. In its most recent filing year (2023), Promise Ranch Therapeutic Riding reported a deficit of $376K, with expenses exceeding revenue. The organization holds $200K in liabilities against $57K in assets (debt-to-asset ratio: 348.5%), resulting in net assets of $-142,604.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $225K | $601K | $57K | $200K | — | — |
| 2022 | $662K | $633K | $1.8M | $1.6M | — | View 990 |
| 2021 | $530K | $368K | $1.8M | $1.6M | — | View 990 |
| 2020 | $327K | $305K | $51K | $9K | — | — |
| 2019 | $293K | $304K | $33K | $4K | — | View 990 |
| 2018 | $266K | $244K | $44K | $4K | — | View 990 |
| 2017 | $306K | $357K | $38K | $19K | — | — |
| 2016 | $358K | $421K | $84K | $14K | — | View 990 |
| 2015 | $239K | $292K | $145K | $12K | — | View 990 |
| 2014 | $143K | $127K | $185K | $0 | — | View 990 |
| 2013 | $120K | $117K | $207K | $9K | — | View 990 |
| 2012 | $117K | $95K | $186K | $12K | — | View 990 |
| 2011 | $145K | $93K | $141K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $225K, expenses of $601K, and assets of $57K (revenue -66.0% year-over-year).
- 2022: Revenue of $662K, expenses of $633K, and assets of $1.8M (revenue +24.8% year-over-year).
- 2021: Revenue of $530K, expenses of $368K, and assets of $1.8M (revenue +62.4% year-over-year).
- 2020: Revenue of $327K, expenses of $305K, and assets of $51K (revenue +11.6% year-over-year).
- 2019: Revenue of $293K, expenses of $304K, and assets of $33K (revenue +9.9% year-over-year).
- 2018: Revenue of $266K, expenses of $244K, and assets of $44K (revenue -13.0% year-over-year).
- 2017: Revenue of $306K, expenses of $357K, and assets of $38K (revenue -14.5% year-over-year).
- 2016: Revenue of $358K, expenses of $421K, and assets of $84K (revenue +49.9% year-over-year).
- 2015: Revenue of $239K, expenses of $292K, and assets of $145K (revenue +67.2% year-over-year).
- 2014: Revenue of $143K, expenses of $127K, and assets of $185K (revenue +18.7% year-over-year).
- 2013: Revenue of $120K, expenses of $117K, and assets of $207K (revenue +3.2% year-over-year).
- 2012: Revenue of $117K, expenses of $95K, and assets of $186K (revenue -19.7% year-over-year).
- 2011: Revenue of $145K, expenses of $93K, and assets of $141K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Promise Ranch Therapeutic Riding:
Data Sources and Methodology
This transparency report for Promise Ranch Therapeutic Riding 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.