Saddlebred Rescue Inc
Saddlebred Rescue Inc. consistently operates with no officer compensation, managing fluctuating revenues and occasional deficits.
EIN: 204675891 · Hardwick, NJ · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $606K |
| Total Expenses | $692K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $600,000. |
| Net Assets | $-2,693 |
| Transparency Score | 85/100 |
Is Saddlebred Rescue Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Saddlebred Rescue Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Saddlebred Rescue Inc
Saddlebred Rescue Inc (EIN: 204675891) is a nonprofit organization based in Hardwick, NJ, classified under NTEE code D20. The organization reported total revenue of $606K and total assets of $151K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saddlebred Rescue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Saddlebred Rescue Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $749K |
| Total Expenses | $692K |
| Surplus / Deficit | +$57K |
| Total Assets | $155K |
| Total Liabilities | $157K |
| Net Assets | $-2,693 |
| Operating Margin | 7.6% |
| Debt-to-Asset Ratio | 101.7% |
| Months of Reserves | 2.7 months |
Financial Health Grade: B
In 2023, Saddlebred Rescue Inc reported a surplus of $57K with revenue exceeding expenses, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 101.7% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Saddlebred Rescue Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.8% | -8.0% | +2.8% |
| 2022 | +43.8% | +9.3% | +7.5% |
| 2021 | +0.6% | +45.9% | -51.6% |
| 2020 | +49.7% | +14.1% | +272.6% |
| 2019 | +2.3% | -33.9% | -28.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Saddlebred Rescue Inc with a Mission Score of 85 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, Saddlebred Rescue 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $57K, with revenue exceeding expenses.
- Debt-to-asset ratio: 101.7%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization with annual revenues exceeding $600,000.
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 Saddlebred Rescue Inc's IRS 990 filings:
- Liabilities exceeding assets in multiple recent years (e.g., 2021, 2022, 2023), indicating potential financial strain or reliance on current funding.
- Expenses exceeding revenue in several past periods (e.g., 2021, 2019, 2018), suggesting periods of deficit spending.
Strengths
The following positive indicators were identified for Saddlebred Rescue Inc:
- Consistent 0% officer compensation across all reported years, demonstrating a strong commitment to mission-focused spending.
- Long history of IRS 990 filings (14 filings), indicating strong transparency and regulatory compliance.
- Consistent revenue generation, maintaining operations over an extended period.
- Positive net income in the most recent filing (2023: $57,168 surplus), showing improved financial management.
Frequently Asked Questions about Saddlebred Rescue Inc
Is Saddlebred Rescue Inc a legitimate charity?
Saddlebred Rescue Inc (EIN: 204675891) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $606K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Saddlebred Rescue Inc spend its money?
Saddlebred Rescue Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Saddlebred Rescue Inc tax-deductible?
Saddlebred Rescue Inc is registered as a tax-exempt nonprofit (EIN: 204675891). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Saddlebred Rescue Inc CEO make?
Saddlebred Rescue Inc's highest-compensated officer earns $600,000. annually. The organization reported $606K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Saddlebred Rescue Inc's spending goes to programs?
Saddlebred Rescue Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Saddlebred Rescue Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Saddlebred Rescue Inc is above average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Saddlebred Rescue Inc located?
Saddlebred Rescue Inc is headquartered in Hardwick, New Jersey and files with the IRS under EIN 204675891. It is classified under NTEE code D20.
How many years of IRS 990 filings does Saddlebred Rescue Inc have?
Saddlebred Rescue Inc has 14 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 $606K in total revenue.
Is Saddlebred Rescue Inc. financially stable given its fluctuating revenues and liabilities?
While the organization has experienced periods where expenses exceeded revenue and liabilities sometimes surpassed assets (e.g., 2021 and 2022), recent filings show a positive trend with a surplus in 2023 ($57,168). Its long operational history and consistent revenue generation suggest a degree of stability, though with less financial cushion than organizations with substantial reserves.
How does the 0% officer compensation impact the charity's effectiveness?
The 0% officer compensation is a significant strength, indicating that all funds are directed towards the organization's mission and operational costs rather than executive salaries. This can enhance donor confidence and potentially allow for a higher percentage of spending on direct program activities.
What is the trend in the organization's assets and liabilities?
Assets have generally been modest, fluctuating but staying around $150,000 in recent years. Liabilities have shown more volatility, at times exceeding assets (e.g., $210,162 liabilities vs. $150,301 assets in 2022), which could indicate reliance on short-term funding or payables. However, in 2023, assets ($154,582) were slightly less than liabilities ($157,275), showing a slight improvement from prior years.
Filing History
IRS 990 filing history for Saddlebred Rescue Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Saddlebred Rescue Inc's revenue has grown by 245.5%, moving from $217K to $749K. Total assets decreased by 8.7% over the same period, from $169K to $155K. Total functional expenses rose by 146.4%, from $281K to $692K. In its most recent filing year (2023), Saddlebred Rescue Inc reported a surplus of $57K, with revenue exceeding expenses. The organization holds $157K in liabilities against $155K in assets (debt-to-asset ratio: 101.7%), resulting in net assets of $-2,693.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $749K | $692K | $155K | $157K | — | — |
| 2022 | $762K | $752K | $150K | $210K | — | View 990 |
| 2021 | $530K | $688K | $140K | $210K | — | View 990 |
| 2020 | $527K | $472K | $289K | $201K | — | View 990 |
| 2019 | $352K | $413K | $77K | $45K | — | View 990 |
| 2018 | $344K | $625K | $109K | $15K | — | View 990 |
| 2017 | $665K | $489K | $456K | $81K | — | View 990 |
| 2016 | $546K | $432K | $201K | $2K | — | View 990 |
| 2015 | $386K | $372K | $88K | $3K | — | View 990 |
| 2014 | $383K | $388K | $72K | $0 | — | View 990 |
| 2013 | $356K | $346K | $77K | $0 | — | View 990 |
| 2012 | $252K | $273K | $66K | $0 | — | View 990 |
| 2011 | $174K | $251K | $92K | $5K | — | View 990 |
| 2010 | $217K | $281K | $169K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $749K, expenses of $692K, and assets of $155K (revenue -1.8% year-over-year).
- 2022: Revenue of $762K, expenses of $752K, and assets of $150K (revenue +43.8% year-over-year).
- 2021: Revenue of $530K, expenses of $688K, and assets of $140K (revenue +0.6% year-over-year).
- 2020: Revenue of $527K, expenses of $472K, and assets of $289K (revenue +49.7% year-over-year).
- 2019: Revenue of $352K, expenses of $413K, and assets of $77K (revenue +2.3% year-over-year).
- 2018: Revenue of $344K, expenses of $625K, and assets of $109K (revenue -48.2% year-over-year).
- 2017: Revenue of $665K, expenses of $489K, and assets of $456K (revenue +21.7% year-over-year).
- 2016: Revenue of $546K, expenses of $432K, and assets of $201K (revenue +41.4% year-over-year).
- 2015: Revenue of $386K, expenses of $372K, and assets of $88K (revenue +0.8% year-over-year).
- 2014: Revenue of $383K, expenses of $388K, and assets of $72K (revenue +7.5% year-over-year).
- 2013: Revenue of $356K, expenses of $346K, and assets of $77K (revenue +41.2% year-over-year).
- 2012: Revenue of $252K, expenses of $273K, and assets of $66K (revenue +44.7% year-over-year).
- 2011: Revenue of $174K, expenses of $251K, and assets of $92K (revenue -19.5% year-over-year).
- 2010: Revenue of $217K, expenses of $281K, and assets of $169K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Saddlebred Rescue Inc:
Data Sources and Methodology
This transparency report for Saddlebred Rescue 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.