Rhythm Of The Rein Inc
Rhythm Of The Rein Inc shows consistent program focus with growing revenue, but recent deficits and rising liabilities warrant attention.
EIN: 134368143 · Waterbury Ctr, VT · NTEE: P80 · Updated: 2026-03-28
Is Rhythm Of The Rein Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rhythm Of The Rein Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rhythm Of The Rein Inc
Rhythm Of The Rein Inc (EIN: 134368143) is a nonprofit organization based in Waterbury Ctr, VT, classified under NTEE code P80. The organization reported total revenue of $193K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhythm Of The Rein Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rhythm Of The Rein Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Rhythm Of The Rein Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with latest revenue of $192,776.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rhythm Of The Rein Inc's IRS 990 filings:
- Expenses ($140,080) exceeded revenue ($132,314) in 2023, resulting in a deficit.
- Liabilities have significantly increased from $0 in 2017 to $17,568 in 2023, warranting closer examination.
Strengths
The following positive indicators were identified for Rhythm Of The Rein Inc:
- Consistent 0% officer compensation across all filings, indicating strong volunteer leadership and efficient use of funds.
- Significant revenue growth over the past decade, from $39,837 in 2014 to $132,314 in 2023.
- Positive asset growth, from $14,633 in 2014 to $42,420 in 2023, indicating increasing capacity.
- Strong program focus, as implied by the NTEE code and general financial health for a small nonprofit.
Frequently Asked Questions about Rhythm Of The Rein Inc
Is Rhythm Of The Rein Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhythm Of The Rein Inc (EIN: 134368143) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Rhythm Of The Rein Inc spend its money?
Rhythm Of The Rein Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rhythm Of The Rein Inc tax-deductible?
Rhythm Of The Rein Inc is registered as a tax-exempt nonprofit (EIN: 134368143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Rhythm Of The Rein Inc a good charity?
Based on the available data, Rhythm Of The Rein Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong volunteer commitment at the leadership level. Its revenue has grown significantly over the past decade, suggesting increasing support for its mission. While there was a deficit in 2023 and rising liabilities, its overall financial trajectory and program focus are positive.
How has Rhythm Of The Rein Inc's revenue changed over time?
Rhythm Of The Rein Inc has experienced substantial revenue growth, increasing from $39,837 in 2014 to $132,314 in 2023, demonstrating a strong upward trend in financial support.
What is the trend in the organization's assets and liabilities?
The organization's assets have grown from $14,633 in 2014 to $42,420 in 2023. However, liabilities have also increased, from negative $616 in 2014 to $17,568 in 2023, which is a significant rise that should be monitored.
Filing History
IRS 990 filing history for Rhythm Of The Rein Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rhythm Of The Rein Inc's revenue has grown by 192.7%, moving from $45K to $132K. Total assets increased by 21.8% over the same period, from $35K to $42K. Total functional expenses rose by 307.8%, from $34K to $140K. In its most recent filing year (2023), Rhythm Of The Rein Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $18K in liabilities against $42K in assets (debt-to-asset ratio: 41.4%), resulting in net assets of $25K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $132K | $140K | $42K | $18K | — | — |
| 2022 | $88K | $81K | $43K | $11K | — | — |
| 2021 | $87K | $74K | $28K | $2K | — | View 990 |
| 2020 | $61K | $58K | $14K | $970 | — | — |
| 2019 | $62K | $62K | $21K | $10K | — | View 990 |
| 2018 | $75K | $69K | $21K | $10K | — | View 990 |
| 2017 | $54K | $60K | $5K | $0 | — | View 990 |
| 2016 | $51K | $59K | $10K | $0 | — | View 990 |
| 2015 | $48K | $45K | $18K | $0 | — | View 990 |
| 2014 | $40K | $52K | $15K | $-616 | — | View 990 |
| 2013 | $36K | $40K | $31K | $2K | — | View 990 |
| 2012 | $53K | $50K | $35K | $2K | — | View 990 |
| 2011 | $45K | $34K | $35K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $132K, expenses of $140K, and assets of $42K (revenue +50.9% year-over-year).
- 2022: Revenue of $88K, expenses of $81K, and assets of $43K (revenue +0.9% year-over-year).
- 2021: Revenue of $87K, expenses of $74K, and assets of $28K (revenue +43.0% year-over-year).
- 2020: Revenue of $61K, expenses of $58K, and assets of $14K (revenue -1.8% year-over-year).
- 2019: Revenue of $62K, expenses of $62K, and assets of $21K (revenue -17.1% year-over-year).
- 2018: Revenue of $75K, expenses of $69K, and assets of $21K (revenue +38.7% year-over-year).
- 2017: Revenue of $54K, expenses of $60K, and assets of $5K (revenue +5.5% year-over-year).
- 2016: Revenue of $51K, expenses of $59K, and assets of $10K (revenue +5.7% year-over-year).
- 2015: Revenue of $48K, expenses of $45K, and assets of $18K (revenue +21.3% year-over-year).
- 2014: Revenue of $40K, expenses of $52K, and assets of $15K (revenue +9.2% year-over-year).
- 2013: Revenue of $36K, expenses of $40K, and assets of $31K (revenue -31.8% year-over-year).
- 2012: Revenue of $53K, expenses of $50K, and assets of $35K (revenue +18.3% year-over-year).
- 2011: Revenue of $45K, expenses of $34K, and assets of $35K.
Data Sources and Methodology
This transparency report for Rhythm Of The Rein 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.