United States Icelandic Horse Congress Inc
United States Icelandic Horse Congress Inc. shows strong revenue growth and asset accumulation with no officer compensation.
EIN: 200383373 · Truro, IA · NTEE: N69 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $96K |
| Total Expenses | $83K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $144,831. |
| Net Assets | $208K |
| Transparency Score | 90/100 |
Is United States Icelandic Horse Congress Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United States Icelandic Horse Congress Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United States Icelandic Horse Congress Inc
United States Icelandic Horse Congress Inc (EIN: 200383373) is a nonprofit organization based in Truro, IA, classified under NTEE code N69. The organization reported total revenue of $96K and total assets of $210K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United States Icelandic Horse Congress Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United States Icelandic Horse Congress Inc is a micro 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 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $83K |
| Surplus / Deficit | +$62K |
| Total Assets | $208K |
| Net Assets | $208K |
| Operating Margin | 42.6% |
| Months of Reserves | 30.0 months |
Financial Health Grade: A
In 2023, United States Icelandic Horse Congress Inc reported a surplus of $62K with revenue exceeding expenses, holds 30.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), United States Icelandic Horse Congress Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +82.4% | +46.8% | +18.2% |
| 2022 | +35.3% | +19.4% | +19.7% |
| 2021 | +3.6% | +12.5% | +10.8% |
| 2020 | +6.4% | -17.1% | +15.0% |
| 2019 | +20.1% | -12.5% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| 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 United States Icelandic Horse Congress Inc with a Mission Score of 90 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, United States Icelandic Horse Congress 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 $62K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported at 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 recent revenues of $144,831.
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.
Strengths
The following positive indicators were identified for United States Icelandic Horse Congress Inc:
- Strong revenue growth, increasing from $56,652 in 2020 to $144,831 in 2023.
- Consistent asset accumulation, reaching $208,164 in 2023.
- 0% officer compensation across all reported periods, indicating volunteer-driven leadership and efficient use of funds.
- No liabilities reported in the latest 2023 filing, demonstrating a very healthy financial position.
- Consistent filing of IRS 990s over 13 periods, indicating strong transparency.
Frequently Asked Questions about United States Icelandic Horse Congress Inc
Is United States Icelandic Horse Congress Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United States Icelandic Horse Congress Inc (EIN: 200383373) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does United States Icelandic Horse Congress Inc spend its money?
United States Icelandic Horse Congress Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United States Icelandic Horse Congress Inc tax-deductible?
United States Icelandic Horse Congress Inc is registered as a tax-exempt nonprofit (EIN: 200383373). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the United States Icelandic Horse Congress Inc CEO make?
United States Icelandic Horse Congress Inc's highest-compensated officer earns $144,831. annually. The organization reported $96K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of United States Icelandic Horse Congress Inc's spending goes to programs?
United States Icelandic Horse Congress Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does United States Icelandic Horse Congress Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), United States Icelandic Horse Congress Inc is above average for NTEE category N69 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United States Icelandic Horse Congress Inc located?
United States Icelandic Horse Congress Inc is headquartered in Truro, Iowa and files with the IRS under EIN 200383373. It is classified under NTEE code N69.
How many years of IRS 990 filings does United States Icelandic Horse Congress Inc have?
United States Icelandic Horse Congress Inc 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 $96K in total revenue.
Is United States Icelandic Horse Congress Inc. a good charity?
Based on the provided financial data, the United States Icelandic Horse Congress Inc. appears to be a well-managed and financially healthy charity. It demonstrates strong revenue growth, consistent asset accumulation, and a notable commitment to volunteer leadership with 0% officer compensation, suggesting efficient use of donor funds.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, more than doubling from $56,652 in 2020 to $144,831 in 2023, indicating increasing support and financial stability.
What is the organization's financial stability?
The organization shows strong financial stability, with assets growing to $208,164 in 2023 and no reported liabilities for that period. This indicates a healthy balance sheet and ability to cover its operations.
Filing History
IRS 990 filing history for United States Icelandic Horse Congress Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United States Icelandic Horse Congress Inc's revenue has grown by 163.1%, moving from $55K to $145K. Total assets increased by 42.9% over the same period, from $146K to $208K. Total functional expenses rose by 74.8%, from $48K to $83K. In its most recent filing year (2023), United States Icelandic Horse Congress Inc reported a surplus of $62K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $83K | $208K | $0 | — | — |
| 2022 | $79K | $57K | $176K | $30K | — | View 990 |
| 2021 | $59K | $47K | $147K | $23K | — | — |
| 2020 | $57K | $42K | $133K | $20K | — | — |
| 2019 | $53K | $51K | $115K | $17K | — | View 990 |
| 2018 | $44K | $58K | $112K | $17K | — | View 990 |
| 2017 | $41K | $56K | $122K | $12K | — | View 990 |
| 2016 | $43K | $53K | $138K | $13K | — | View 990 |
| 2015 | $44K | $54K | $149K | $15K | — | View 990 |
| 2014 | $52K | $54K | $158K | $14K | — | View 990 |
| 2013 | $41K | $34K | $159K | $14K | — | View 990 |
| 2012 | $44K | $34K | $156K | $18K | — | View 990 |
| 2011 | $55K | $48K | $146K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $83K, and assets of $208K (revenue +82.4% year-over-year).
- 2022: Revenue of $79K, expenses of $57K, and assets of $176K (revenue +35.3% year-over-year).
- 2021: Revenue of $59K, expenses of $47K, and assets of $147K (revenue +3.6% year-over-year).
- 2020: Revenue of $57K, expenses of $42K, and assets of $133K (revenue +6.4% year-over-year).
- 2019: Revenue of $53K, expenses of $51K, and assets of $115K (revenue +20.1% year-over-year).
- 2018: Revenue of $44K, expenses of $58K, and assets of $112K (revenue +8.3% year-over-year).
- 2017: Revenue of $41K, expenses of $56K, and assets of $122K (revenue -5.1% year-over-year).
- 2016: Revenue of $43K, expenses of $53K, and assets of $138K (revenue -2.0% year-over-year).
- 2015: Revenue of $44K, expenses of $54K, and assets of $149K (revenue -15.7% year-over-year).
- 2014: Revenue of $52K, expenses of $54K, and assets of $158K (revenue +27.5% year-over-year).
- 2013: Revenue of $41K, expenses of $34K, and assets of $159K (revenue -7.5% year-over-year).
- 2012: Revenue of $44K, expenses of $34K, and assets of $156K (revenue -19.6% year-over-year).
- 2011: Revenue of $55K, expenses of $48K, and assets of $146K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United States Icelandic Horse Congress Inc:
Data Sources and Methodology
This transparency report for United States Icelandic Horse Congress 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.