Mareworthy Charities Inc
Nonprofit profile at a glance
- EIN
- 884420958
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Nicholasville, KY, USA
- Phone
- 8592129118
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Animal Protection and Welfare
Reported finances
- Revenue
- $166,675
- Expenses
- $169,433
- Assets
- $36,939
- Liabilities
- $1,115
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Kyle Rothfus (President and Treasurer)
People named in this filing
- Sean Smith (Secretary)
- Kyle Rothfus (President and Treasurer)
- Leah Alessandroni (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mareworthy Charities is dedicated to safeguarding every Thoroughbred broodmare from suffering and cruelty. Our mission is to navigate the intricate landscape of Thoroughbred broodmare retirement by providing sanctuary space, facilitating adoptions, offering placement assistance, extending safety net services, and delivering ongoing education for horse owners.
What it reported doing in 2025
In 2025 Mareworthy Charities provided care and support to 19 retired Thoroughbred broodmares over the course of the year. The majority of these mares remained in lifelong sanctuary reflecting the organization commitment to long term care for mares with limited placement options. Each mare received individualized care including housing nutrition farrier services veterinary care and daily monitoring. Mareworthy also coordinated safe intake and provided support for mares at risk of entering unsafe situations. One mare was humanely euthanized during the year due to medical considerations with the decision made in consultation with veterinary professionals and in alignment with the organization commitment to responsible end of life care. In 2025 Mareworthy Charities became accredited by the Thoroughbred Aftercare Alliance and joined the ASPCA Right Horse Initiative Warm Up Ring strengthening the organization role within the national aftercare and equine welfare network. During the year the organization transitioned from a smaller dry lot environment to a larger 68 acre leased property shared with its co founders. This transition significantly improved pasture access allowing the herd to move from a limited four acre dry lot to approximately 20 acres of grazing pasture supported by additional rotational paddocks. This change was implemented to improve herd health support natural movement and grazing behaviors and reduce long term feed and hay costs. The organization prioritizes long term welfare outcomes recognizing that many mares require permanent sanctuary due to age health or reproductive history. Care and outcome data are based on internal tracking of sanctuary residents throughout the calendar year.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.9%; rating input score 99
- Program expense ratio: 97.3%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -1.7%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 37.3% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: -3.4% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: 98.9% of revenue deployed · 97.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $165K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 26/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.