Is National Thoroughbred Racing Legit? —…

Quick charity verification for National Thoroughbred Racing (EIN: 133985050)

Red Flags

Unusually low (0%) reported officer compensation for an organization of this size, potentially obscuring executive pay structures.
Significant revenue volatility, with a sharp drop in 2017 and subsequent large swings, indicating potential instability in funding streams.
Temporary but substantial increase in liabilities in 2021, which warrants further investigation into its cause and resolution.

Spending Breakdown

How National Thoroughbred Racing allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about National Thoroughbred Racing

Is National Thoroughbred Racing a legitimate charity?

Based on AI analysis of IRS 990 filings, National Thoroughbred Racing (EIN: 133985050) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.

Is National Thoroughbred Racing a good charity to donate to?

National Thoroughbred Racing has a Mission Score of 85/100. Revenue: $12.6M. Assets: $18.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for National Thoroughbred Racing?

The Employer Identification Number (EIN) for National Thoroughbred Racing is 133985050. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does National Thoroughbred Racing spend its money?

National Thoroughbred Racing allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify National Thoroughbred Racing's tax-exempt status?

You can verify National Thoroughbred Racing's tax-exempt status using EIN 133985050 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The National Thoroughbred Racing (NTR) demonstrates generally stable financial health, with assets consistently above $16 million over the past decade, peaking at $20.5 million in 2021. Revenue has fluctuated, showing a significant dip in 2017 to $387,902 and a notable increase to $10.5 million in 2022, before settling at $9.1 million in 2023. The organization has managed its expenses relatively well, often operating with a surplus or a minor deficit, indicating prudent financial management. For instance, in 2023, revenue was $9,155,770 against expenses of $8,891,496, resulting in a surplus.

Spending efficiency appears to be reasonable, though specific program, administrative, and fundraising expense breakdowns are not provided in the summary data. However, the consistent operational balance suggests that overall spending is aligned with revenue generation. The organization's liabilities have remained manageable, typically under $3 million, except for a spike to $5.6 million in 2021, which was subsequently reduced. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and potentially efficient use of funds, as it suggests that the highest-ranking individuals are not drawing salaries from the organization, or their compensation is reported differently.

Overall, NTR appears to be a financially sound organization with a history of responsible fiscal management. The consistent asset base and generally balanced budgets, coupled with the reported zero officer compensation, point towards a well-managed and transparent entity. Further analysis of detailed expense categories would provide a more granular view of spending efficiency.

Is National Thoroughbred Racing Legit?

Verdict: National Thoroughbred Racing appears trustworthy