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Iowa · Nonprofit

HORSES OF COURSE INC

HORSES OF COURSE INC (Iowa) receives grants from 3 organizations whose IRS filings report $975 to it, the largest being MARY IVA GITTINS KNOUSE TR UW ($400). 1 of them have funded it in more than one year.

Revenue FY2023
$57k
Funders on record
3
Grants received
$975
Net assets
$0
1/3 repeat funderspeak grant-dependency 0%
01What it does

What Horses of Course Inc does

Mission

Horses of course, inc. Offers riding lessons and riding activities to the public at subsidized prices. In addition, horses of course, inc. Offers scout groups and other youth groups free tours of the stable.

As stated on its FY2023 Form 990-EZ.

Programs

  1. Riding lessons for people of all ages and stages of live, serving 70-75 people per week. Primarily for beginners of all ages. Cost of lessons is at a reduced rate, subsidized with donations and grants.

    $56,987 spent
    100% of program spending
  2. Groom & feeder program: educates trainees on the importance of proper care of horses by being responsible, dependable, and knowledgable concerning horse needs. Some participants are 4h members.

  3. Hosting 4h club (denim & dust) by giving a special 4h lesson session each week and by taking members to five 4h horse shows each year. Members use horses of course horses and equipment. Donations cover the cost.

  4. Hosts horsemanship seminars and clinics open to the public. Hosts reduced- cost, week-long horse day camp programs where young students learn the many aspects of horsemanship.

The 4 programs described on its FY2023 Form 990-EZ. Program spending in total: $56,987.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($135k) Expenses 100 ($137k) Net assets -119 ($-3316)2018 Revenue 94 ($127k) Expenses 88 ($121k) Net assets 100 ($3k)2019 Revenue 85 ($114k) Expenses 85 ($116k) Net assets 41 ($1k)2020 Revenue 115 ($155k) Expenses 112 ($153k) Net assets 107 ($3k)2021 Revenue 96 ($130k) Expenses 95 ($130k) Net assets 96 ($3k)2022 Revenue 97 ($131k) Expenses 97 ($134k) Net assets -11 ($-297)2023 Revenue 42 ($57k) Expenses 42 ($57k) Net assets 0 ($0)
2017201820192020202120222023
Revenue (42)Expenses (42)Net assets (0)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $3k to $0 (−100%).

$16
$3k
$1k
$3k
$3k
$3k
$0
2017201820192020202120222023
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 7 reported years ran a deficit.

−$2k
’17
$6k
’18
−$2k
’19
$2k
’20
−$291
’21
−$3k
’22
$296
’23
03Who funds it

Who funds it, year by year

2019 → 2023: the base held at 1 funder, grant income fell $236 → $93.

1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 35% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of HORSES OF COURSE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

HORSES OF COURSE INC leans on a few funders — its largest provides 41% of grant income and the top three 100%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

35% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HORSES OF COURSE INC.

41%
largest funder
100%
top three
~3
effective funders

Largest funder’s share by year: 2019 100% · 2021 78% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

HORSES OF COURSE INC draws 100% of its grant income from funders outside Iowa, across 2 states in all.

MN
TX

In-state vs out-of-state, by year

’19
’21
Iowa out of state home

Funder states come from each funder’s own filing. $339 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like HORSES OF COURSE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Iowa

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for HORSES OF COURSE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds HORSES OF COURSE INC?
HORSES OF COURSE INC (Iowa) receives grants from 3 organizations whose IRS filings report $975 to it, the largest being MARY IVA GITTINS KNOUSE TR UW ($400). 1 of them have funded it in more than one year.
How many funders does HORSES OF COURSE INC have?
IRS filings report 3 organizations giving $975 in grants to HORSES OF COURSE INC, 1 of which have funded it in more than one year.
Who is the largest funder of HORSES OF COURSE INC?
MARY IVA GITTINS KNOUSE TR UW is the largest funder on record, with $400 in grants. The full list of funders is on this page.
How can an organization like HORSES OF COURSE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Iowa. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Horses of Course →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2023 (financials across 2017–2023), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing