Spirit Horse Equine Rescue & Education Center is a 501(c)(3) organization based in Janesville, Wisconsin, registered in 2016, with $65,876 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$66K
▲ 45.3% vs prior year
Animals median: $151K
Expenses (FY2024)
$58K
Net assets
$20K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Spirit Horse Equine Rescue & Education Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Spirit Horse Equine Rescue & Education Center: 4 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Spirit Horse Equine Rescue & Education Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Spirit Horse Equine Rescue & Education Center: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue declined from $75K (FY2018) to $66K (FY2024) across 7 reported years.
Financial snapshot
Operating margin
12.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$28K
Total liabilities
$7,177
Net assets
$20K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $65,876▲45.3% | $57,918▲5.3% | $20,359▲64.2% | $27,536▲122% | 990EZ |
| 2023 | $45,330▲5.2% | $55,003▼20.3% | $12,401▼43.8% | $12,401▼43.8% | 990EZ |
| 2022 | $43,099▼42.2% | $68,979▲44.5% | $22,074▼54.0% | $22,074▼54.0% | 990EZ |
| 2021 | $74,539▲61.7% | $47,721▼1.1% | $47,954▲127% | $47,954▲127% | 990EZ |
| 2020 | $46,086▼22.3% | $48,253▼24.1% | $21,136▼9.3% | $21,136▼9.3% | 990EZ |
| 2019 | $59,297▼20.5% | $63,535▲20.5% | $23,303▼15.4% | $23,303▼15.4% | 990EZ |
| 2018 | $74,577 | $52,725 | $27,541 | $27,541 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
3 grants to Spirit Horse Equine Rescue & Education Center totaling $22K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Paypal Charitable Giving Fund | General support | 2024 | $5,124 |
| Donor Advised Charitable Giving | Environmental and animals | 2023 | $10,000 |
| Network For Good Inc | Unrestricted | 2019 | $6,892 |
Explore more
Data for Spirit Horse Equine Rescue & Education Center (EIN 61-1555471) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.