West Virginia Quarter Horse Association
EIN: 550696395 · Scott Depot, WV
| Metric | Value |
|---|---|
| Total Revenue | $135K |
| Total Expenses | $170K |
| Net Assets | $97K |
Is West Virginia Quarter Horse Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About West Virginia Quarter Horse Association
West Virginia Quarter Horse Association (EIN: 550696395) is a nonprofit organization based in Scott Depot, WV. The organization reported total revenue of $135K and total assets of $98K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of West Virginia Quarter Horse Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
West Virginia Quarter Horse Association is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $170K |
| Surplus / Deficit | +$26K |
| Total Assets | $97K |
| Net Assets | $97K |
| Operating Margin | 13.4% |
| Months of Reserves | 6.8 months |
Financial Health Grade: A
In 2023, West Virginia Quarter Horse Association reported a surplus of $26K with revenue exceeding expenses, holds 6.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), West Virginia Quarter Horse Association's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.0% | +1.2% | +37.6% |
| 2022 | -3.2% | +5.4% | -10.5% |
| 2021 | +76.7% | +46.0% | +7.8% |
| 2020 | -59.3% | -46.2% | -17.8% |
| 2019 | +16.9% | +11.7% | +27.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for West Virginia Quarter Horse Association 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 West Virginia Quarter Horse Association 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 surplus of $26K, with revenue exceeding expenses.
Frequently Asked Questions about West Virginia Quarter Horse Association
Is West Virginia Quarter Horse Association a legitimate charity?
Based on AI analysis of IRS 990 filings, West Virginia Quarter Horse Association (EIN: 550696395) insufficient data. 0 red flags identified, 0 strengths noted.
How does West Virginia Quarter Horse Association spend its money?
Detailed spending breakdown data is not yet available for West Virginia Quarter Horse Association. Check back for updated IRS 990 analysis.
Are donations to West Virginia Quarter Horse Association tax-deductible?
West Virginia Quarter Horse Association is registered as a tax-exempt nonprofit (EIN: 550696395). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is West Virginia Quarter Horse Association located?
West Virginia Quarter Horse Association is headquartered in Scott Depot, West Virginia and files with the IRS under EIN 550696395.
How many years of IRS 990 filings does West Virginia Quarter Horse Association have?
West Virginia Quarter Horse Association 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 $135K in total revenue.
Filing History
IRS 990 filing history for West Virginia Quarter Horse Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), West Virginia Quarter Horse Association's revenue has grown by 25%, moving from $157K to $197K. Total assets increased by 153.8% over the same period, from $38K to $97K. Total functional expenses rose by 10.2%, from $154K to $170K. In its most recent filing year (2023), West Virginia Quarter Horse Association reported a surplus of $26K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $197K | $170K | $97K | $0 | — | View 990 |
| 2022 | $160K | $168K | $70K | $0 | — | View 990 |
| 2021 | $165K | $159K | $78K | $0 | — | View 990 |
| 2020 | $93K | $109K | $73K | $0 | — | — |
| 2019 | $230K | $203K | $89K | $0 | — | — |
| 2018 | $196K | $182K | $70K | $8K | — | View 990 |
| 2017 | $208K | $184K | $55K | $8K | — | View 990 |
| 2016 | $193K | $206K | $31K | $8K | — | View 990 |
| 2015 | $200K | $209K | $44K | $8K | — | View 990 |
| 2014 | $212K | $215K | $54K | $8K | — | View 990 |
| 2013 | $200K | $181K | $58K | $8K | — | View 990 |
| 2012 | $195K | $194K | $39K | $8K | — | View 990 |
| 2011 | $157K | $154K | $38K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $197K, expenses of $170K, and assets of $97K (revenue +23.0% year-over-year).
- 2022: Revenue of $160K, expenses of $168K, and assets of $70K (revenue -3.2% year-over-year).
- 2021: Revenue of $165K, expenses of $159K, and assets of $78K (revenue +76.7% year-over-year).
- 2020: Revenue of $93K, expenses of $109K, and assets of $73K (revenue -59.3% year-over-year).
- 2019: Revenue of $230K, expenses of $203K, and assets of $89K (revenue +16.9% year-over-year).
- 2018: Revenue of $196K, expenses of $182K, and assets of $70K (revenue -5.7% year-over-year).
- 2017: Revenue of $208K, expenses of $184K, and assets of $55K (revenue +7.8% year-over-year).
- 2016: Revenue of $193K, expenses of $206K, and assets of $31K (revenue -3.5% year-over-year).
- 2015: Revenue of $200K, expenses of $209K, and assets of $44K (revenue -5.4% year-over-year).
- 2014: Revenue of $212K, expenses of $215K, and assets of $54K (revenue +5.7% year-over-year).
- 2013: Revenue of $200K, expenses of $181K, and assets of $58K (revenue +2.9% year-over-year).
- 2012: Revenue of $195K, expenses of $194K, and assets of $39K (revenue +23.8% year-over-year).
- 2011: Revenue of $157K, expenses of $154K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for West Virginia Quarter Horse Association:
Data Sources and Methodology
This transparency report for West Virginia Quarter Horse Association 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.