Spirit Open Equestrian Program
Spirit Open Equestrian Program shows consistent revenue growth and no reported officer compensation.
EIN: 208492941 · Herndon, VA · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $372K |
| Total Expenses | $308K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $800,000. |
| Net Assets | $664K |
| Transparency Score | 92/100 |
Is Spirit Open Equestrian Program Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spirit Open Equestrian Program directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spirit Open Equestrian Program
Spirit Open Equestrian Program (EIN: 208492941) is a nonprofit organization based in Herndon, VA, classified under NTEE code P80. The organization reported total revenue of $372K and total assets of $865K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spirit Open Equestrian Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spirit Open Equestrian Program is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $403K |
| Total Expenses | $308K |
| Surplus / Deficit | +$95K |
| Total Assets | $849K |
| Total Liabilities | $185K |
| Net Assets | $664K |
| Operating Margin | 23.5% |
| Debt-to-Asset Ratio | 21.8% |
| Months of Reserves | 33.1 months |
Financial Health Grade: A
In 2023, Spirit Open Equestrian Program reported a surplus of $95K with revenue exceeding expenses, holds 33.1 months of operating reserves (strong position), has a debt-to-asset ratio of 21.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spirit Open Equestrian Program's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.0% | +29.9% | +25.0% |
| 2022 | -21.8% | +9.6% | +2.8% |
| 2021 | +13.0% | -5.1% | +13.4% |
| 2020 | +0.4% | -10.8% | +19.3% |
| 2019 | +3.3% | +16.6% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Spirit Open Equestrian Program with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Spirit Open Equestrian Program allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $95K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.8%.
Executive Compensation Analysis
Spirit Open Equestrian Program consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This suggests a highly volunteer-driven leadership or that compensation is covered by other means not reported as officer compensation, which is unusual for an organization of its size with assets growing to over $800,000.
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 Spirit Open Equestrian Program's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided summary data makes precise efficiency analysis challenging.
- Consistent 0% officer compensation for an organization with growing revenue and assets could indicate compensation is reported under other categories, or a highly volunteer-dependent leadership model which may have sustainability implications.
Strengths
The following positive indicators were identified for Spirit Open Equestrian Program:
- Consistent revenue growth, from $291,302 in 2019 to $402,989 in 2023, indicates increasing support.
- Significant asset growth, from $488,142 in 2019 to $849,233 in 2023, strengthens financial stability.
- Zero reported officer compensation across all filings suggests a strong focus on directing funds to programmatic activities.
- Positive net income in most recent years (e.g., $402,989 revenue vs. $308,307 expenses in 2023) contributes to asset accumulation.
- Long history of IRS 990 filings (13 filings) demonstrates a commitment to transparency and compliance.
Frequently Asked Questions about Spirit Open Equestrian Program
Is Spirit Open Equestrian Program a legitimate charity?
Spirit Open Equestrian Program (EIN: 208492941) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $372K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Spirit Open Equestrian Program spend its money?
Spirit Open Equestrian Program directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Spirit Open Equestrian Program tax-deductible?
Spirit Open Equestrian Program is registered as a tax-exempt nonprofit (EIN: 208492941). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spirit Open Equestrian Program CEO make?
Spirit Open Equestrian Program's highest-compensated officer earns $800,000. annually. The organization reported $372K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spirit Open Equestrian Program's spending goes to programs?
Spirit Open Equestrian Program directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spirit Open Equestrian Program compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Spirit Open Equestrian Program is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spirit Open Equestrian Program located?
Spirit Open Equestrian Program is headquartered in Herndon, Virginia and files with the IRS under EIN 208492941. It is classified under NTEE code P80.
How many years of IRS 990 filings does Spirit Open Equestrian Program have?
Spirit Open Equestrian Program 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 $372K in total revenue.
Is Spirit Open Equestrian Program a good charity?
Based on the available data, Spirit Open Equestrian Program appears to be a good charity. It demonstrates consistent revenue growth, increasing assets, and a strong commitment to its mission by reporting 0% officer compensation across all filings, suggesting efficient use of funds for its programs.
How has Spirit Open Equestrian Program's financial health changed over time?
Spirit Open Equestrian Program's financial health has steadily improved. Revenue has grown from $291,302 in 2019 to $402,989 in 2023, and assets have nearly doubled from $488,142 to $849,233 in the same period, indicating strong financial management and increasing resources.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting a highly volunteer-led executive structure or that executive roles are compensated through non-officer channels, which is a notable practice for resource allocation.
Filing History
IRS 990 filing history for Spirit Open Equestrian Program showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spirit Open Equestrian Program's revenue has grown by 321.1%, moving from $96K to $403K. Total assets increased by 1260.6% over the same period, from $62K to $849K. Total functional expenses rose by 267.5%, from $84K to $308K. In its most recent filing year (2023), Spirit Open Equestrian Program reported a surplus of $95K, with revenue exceeding expenses. The organization holds $185K in liabilities against $849K in assets (debt-to-asset ratio: 21.8%), resulting in net assets of $664K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $403K | $308K | $849K | $185K | — | View 990 |
| 2022 | $258K | $237K | $679K | $110K | — | View 990 |
| 2021 | $330K | $217K | $661K | $97K | — | View 990 |
| 2020 | $292K | $228K | $582K | $133K | — | — |
| 2019 | $291K | $256K | $488K | $121K | — | View 990 |
| 2018 | $282K | $219K | $476K | $130K | — | View 990 |
| 2017 | $259K | $226K | $429K | $130K | — | View 990 |
| 2016 | $245K | $218K | $197K | $1K | — | View 990 |
| 2015 | $567K | $517K | $173K | $4K | — | View 990 |
| 2014 | $222K | $227K | $122K | $3K | — | View 990 |
| 2013 | $189K | $167K | $115K | $7K | — | View 990 |
| 2012 | $195K | $143K | $114K | $554 | — | View 990 |
| 2011 | $96K | $84K | $62K | $330 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $403K, expenses of $308K, and assets of $849K (revenue +56.0% year-over-year).
- 2022: Revenue of $258K, expenses of $237K, and assets of $679K (revenue -21.8% year-over-year).
- 2021: Revenue of $330K, expenses of $217K, and assets of $661K (revenue +13.0% year-over-year).
- 2020: Revenue of $292K, expenses of $228K, and assets of $582K (revenue +0.4% year-over-year).
- 2019: Revenue of $291K, expenses of $256K, and assets of $488K (revenue +3.3% year-over-year).
- 2018: Revenue of $282K, expenses of $219K, and assets of $476K (revenue +8.9% year-over-year).
- 2017: Revenue of $259K, expenses of $226K, and assets of $429K (revenue +5.6% year-over-year).
- 2016: Revenue of $245K, expenses of $218K, and assets of $197K (revenue -56.8% year-over-year).
- 2015: Revenue of $567K, expenses of $517K, and assets of $173K (revenue +155.8% year-over-year).
- 2014: Revenue of $222K, expenses of $227K, and assets of $122K (revenue +17.1% year-over-year).
- 2013: Revenue of $189K, expenses of $167K, and assets of $115K (revenue -2.8% year-over-year).
- 2012: Revenue of $195K, expenses of $143K, and assets of $114K (revenue +103.4% year-over-year).
- 2011: Revenue of $96K, expenses of $84K, and assets of $62K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spirit Open Equestrian Program:
Data Sources and Methodology
This transparency report for Spirit Open Equestrian Program 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.