Rainbow Farms Mississippi Therapeutic Riding Center For The
EIN: 640784940 · Vicksburg, MS · NTEE: P20Z
| Metric | Value |
|---|---|
| Total Revenue | $91K |
| Total Expenses | $159K |
| Net Assets | $-1,532 |
Is Rainbow Farms Mississippi Therapeutic Riding Center For The Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rainbow Farms Mississippi Therapeutic Riding Center For The
Rainbow Farms Mississippi Therapeutic Riding Center For The (EIN: 640784940) is a nonprofit organization based in Vicksburg, MS, classified under NTEE code P20Z. The organization reported total revenue of $91K and total assets of $91K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow Farms Mississippi Therapeutic Riding Center For The's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbow Farms Mississippi Therapeutic Riding Center For The is a micro nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $125K |
| Total Expenses | $159K |
| Surplus / Deficit | $-33,834 |
| Total Assets | $128K |
| Total Liabilities | $129K |
| Net Assets | $-1,532 |
| Operating Margin | -27.1% |
| Debt-to-Asset Ratio | 101.2% |
| Months of Reserves | 9.7 months |
Financial Health Grade: C
In 2023, Rainbow Farms Mississippi Therapeutic Riding Center For The reported a deficit of $34K with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 101.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rainbow Farms Mississippi Therapeutic Riding Center For The's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.6% | -14.4% | -20.4% |
| 2022 | -18.7% | +27.8% | +0.5% |
| 2021 | +67.9% | +41.3% | +36.9% |
| 2020 | -12.1% | -14.3% | +83.4% |
| 2019 | -15.8% | -8.2% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rainbow Farms Mississippi Therapeutic Riding Center For The 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 Rainbow Farms Mississippi Therapeutic Riding Center For The 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 $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 101.2%.
Frequently Asked Questions about Rainbow Farms Mississippi Therapeutic Riding Center For The
Is Rainbow Farms Mississippi Therapeutic Riding Center For The a legitimate charity?
Based on AI analysis of IRS 990 filings, Rainbow Farms Mississippi Therapeutic Riding Center For The (EIN: 640784940) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rainbow Farms Mississippi Therapeutic Riding Center For The spend its money?
Detailed spending breakdown data is not yet available for Rainbow Farms Mississippi Therapeutic Riding Center For The. Check back for updated IRS 990 analysis.
Are donations to Rainbow Farms Mississippi Therapeutic Riding Center For The tax-deductible?
Rainbow Farms Mississippi Therapeutic Riding Center For The is registered as a tax-exempt nonprofit (EIN: 640784940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rainbow Farms Mississippi Therapeutic Riding Center For The located?
Rainbow Farms Mississippi Therapeutic Riding Center For The is headquartered in Vicksburg, Mississippi and files with the IRS under EIN 640784940. It is classified under NTEE code P20Z.
How many years of IRS 990 filings does Rainbow Farms Mississippi Therapeutic Riding Center For The have?
Rainbow Farms Mississippi Therapeutic Riding Center For The 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 $91K in total revenue.
Filing History
IRS 990 filing history for Rainbow Farms Mississippi Therapeutic Riding Center For The showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rainbow Farms Mississippi Therapeutic Riding Center For The's revenue has grown by 94.9%, moving from $64K to $125K. Total assets increased by 488.5% over the same period, from $22K to $128K. Total functional expenses rose by 131.9%, from $68K to $159K. In its most recent filing year (2023), Rainbow Farms Mississippi Therapeutic Riding Center For The reported a deficit of $34K, with expenses exceeding revenue. The organization holds $129K in liabilities against $128K in assets (debt-to-asset ratio: 101.2%), resulting in net assets of $-1,532.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $125K | $159K | $128K | $129K | — | View 990 |
| 2022 | $143K | $185K | $160K | $128K | — | View 990 |
| 2021 | $176K | $145K | $160K | $85K | — | View 990 |
| 2020 | $105K | $103K | $117K | $72K | — | — |
| 2019 | $119K | $120K | $64K | $21K | — | View 990 |
| 2018 | $141K | $130K | $64K | $21K | — | View 990 |
| 2017 | $132K | $110K | $33K | $1K | — | View 990 |
| 2016 | $122K | $113K | $19K | $9K | — | View 990 |
| 2015 | $109K | $108K | $20K | $19K | — | View 990 |
| 2014 | $107K | $113K | $18K | $19K | — | View 990 |
| 2013 | $99K | $95K | $56K | $50K | — | View 990 |
| 2012 | $74K | $72K | $31K | $29K | — | View 990 |
| 2011 | $64K | $68K | $22K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $125K, expenses of $159K, and assets of $128K (revenue -12.6% year-over-year).
- 2022: Revenue of $143K, expenses of $185K, and assets of $160K (revenue -18.7% year-over-year).
- 2021: Revenue of $176K, expenses of $145K, and assets of $160K (revenue +67.9% year-over-year).
- 2020: Revenue of $105K, expenses of $103K, and assets of $117K (revenue -12.1% year-over-year).
- 2019: Revenue of $119K, expenses of $120K, and assets of $64K (revenue -15.8% year-over-year).
- 2018: Revenue of $141K, expenses of $130K, and assets of $64K (revenue +7.3% year-over-year).
- 2017: Revenue of $132K, expenses of $110K, and assets of $33K (revenue +8.3% year-over-year).
- 2016: Revenue of $122K, expenses of $113K, and assets of $19K (revenue +11.2% year-over-year).
- 2015: Revenue of $109K, expenses of $108K, and assets of $20K (revenue +1.9% year-over-year).
- 2014: Revenue of $107K, expenses of $113K, and assets of $18K (revenue +8.7% year-over-year).
- 2013: Revenue of $99K, expenses of $95K, and assets of $56K (revenue +34.0% year-over-year).
- 2012: Revenue of $74K, expenses of $72K, and assets of $31K (revenue +15.2% year-over-year).
- 2011: Revenue of $64K, expenses of $68K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainbow Farms Mississippi Therapeutic Riding Center For The:
Data Sources and Methodology
This transparency report for Rainbow Farms Mississippi Therapeutic Riding Center For The 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.