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Pegasus Farm

EIN 34-1472997 · Hartville, OH

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood79 out of 100GovernanceGood79 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF PEGASUS FARM IS TO CREATE A COMMUNITY THAT HOLISTICALLY SUPPORTS AND EMPOWERS PEOPLE WITH DIVERSE NEEDS THROUGH THERAPEUTIC EQUESTRIAN PROGRAMS, VOCATIONAL SERVICES, AND RECREATIONAL AND SOCIAL ACTIVITIES.

Income
$1.6 million
Spending
$1.7 million
Spent on programs
86%
Reserves
14.6 months of spending
Largest source of income
fees for its services, 52%
Employees
103
Volunteers
161
Highest pay
$62,882, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 79 out of 100. Higher than 55% of charities in its peer group (recreation and sports, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 14.6 months of spending.

  • Debt

    20 of 20

    It owes 13% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 6% of income.

  • Income trend

    5 of 15

    Income fell 14% on the year before.

  • Spending floor

    15 of 15

    86% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 79 out of 100. Higher than 57% of charities in its peer group (recreation and sports, $1m to $10m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    9 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.5 million spent. PEGASUS FARM SERVES OVER 500 INDIVIDUALS WITH DISABILITIES ANNUALLY. OUR PROGRAM PARTICIPANTS RANGE IN AGE FROM 3 YEARS TO 75 YEARS, WITH THE MAJORITY BEING BETWEEN THE AGES OF 4 AND 20. THESE INDIVIDUALS MAY HAVE EMOTIONAL, BEHAVIORAL, COGNITIVE, DEVELOPMENTAL OR PHYSICAL DISABILITIES OR A COMBINATION OF THESE CONDITIONS. PEGASUS FARM IS DEDICATED TO THE IDEA THAT EQUINE ASSISTED ACTIVITIES PROVIDE EXCEPTIONAL PHYSICAL AND PSYCHOLOGICAL BENEFITS, CHALLENGING PARTICIPANTS WITH DISABILITIES TO POSITIVELY LEARN AND GROW IN WAYS THEY MAY NOT EXPERIENCE IN DAY-TO-DAY LIFE. THE FARM IS ONE OF FOUR THERAPEUTIC EQUESTRIAN CENTERS IN NORTHEAST OHIO THAT ARE CERTIFIED AS A PREMIER CENTER BY THE PROFESSIONAL ASSOCIATION OF THERAPEUTIC HORSEMANSHIP, INTERNATIONAL (PATH). WE ARE CURRENTLY SERVING INDIVIDUALS FROM EIGHT DIFFERENT COUNTIES. PEGASUS FARM SERVES OVER 500 INDIVIDUALS WITH DISABILITIES ANNUALLY. OUR PROGRAM PARTICIPANTS RANGE IN AGE FROM 3 YEARS TO 75 YEARS, WITH THE MAJORITY BEING BETWEEN THE AGES OF 4 AND 20. THESE INDIVIDUALS MAY HAVE EMOTIONAL, BEHAVIORAL, COGNITIVE, DEVELOPMENTAL OR PHYSICAL DISABILITIES OR A COMBINATION OF THESE CONDITIONS. PEGASUS FARM IS DEDICATED TO THE IDEA THAT EQUINE ASSISTED ACTIVITIES PROVIDE EXCEPTIONAL PHYSICAL AND PSYCHOLOGICAL BENEFITS, CHALLENGING PARTICIPANTS WITH DISABILITIES TO POSITIVELY LEARN AND GROW IN WAYS THEY MAY NOT EXPERIENCE IN DAY-TO-DAY LIFE. THE FARM IS ONE OF FOUR THERAPEUTIC EQUESTRIAN CENTERS IN NORTHEAST OHIO THAT ARE CERTIFIED AS A PREMIER CENTER BY THE PROFESSIONAL ASSOCIATION OF THERAPEUTIC HORSEMANSHIP, INTERNATIONAL (PATH). WE ARE CURRENTLY SERVING INDIVIDUALS FROM EIGHT DIFFERENT COUNTIES.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.