Is New Jersy Thoroubred Horesmans Benevolent Association Inc Legit?
Quick charity verification for New Jersy Thoroubred Horesmans Benevolent Association Inc (EIN: 222904953)
Verdict: New Jersy Thoroubred Horesmans Benevolent Association Inc has notable concerns
20/100Mission Score
$898KRevenue
$168KAssets
4Red Flags
1Strengths
Red Flags
The organization's revenue has been highly volatile, ranging from $532,012 in 2020 to $7,615,398 in 2021, indicating potential financial instability.
The provided data does not include any breakdown of expenses into program, administrative, or fundraising categories, which is a major red flag for transparency and accountability.
The organization's net assets have decreased significantly over the years, from $17,773,653 in 2017 to $1,092,6089 in 2023, suggesting a decline in financial health.
The organization's liabilities consistently outweigh its assets, with liabilities reaching $68,604,055 in 2023 compared to assets of $10,926,089, indicating a precarious financial position.
Strengths
None identified based on the limited and concerning financial data provided.
AI Transparency Report
New Jersy Thoroubred Horesmans Benevolent Association Inc is a unknown nonprofit based in W Long Branch, New Jersey, with reported revenue of $898K and assets of $168K. Our AI analysis assigns a Mission Score of 20/100 (Poor). Executive compensation cannot be assessed as no specific compensation figures are provided in the available data. Revenue has declined -20% across 13 filing periods.