Quick charity verification for Standardbred Owners Association Inc (EIN: 111867812)
Verdict: Standardbred Owners Association Inc appears trustworthy
75/100Mission Score
$10.6MRevenue
$21.7MAssets
2Red Flags
4Strengths
Red Flags
Significant and unexplained increase in liabilities from $54,466 in 201812 to $14,656,098 in 202312.
NTEE code is 'Unknown', which can hinder comparative analysis and understanding of its specific mission area.
Strengths
Consistent revenue growth, with latest revenue at $2,675,804 in 202312.
Strong asset accumulation, reaching $20,192,542 in 202312.
Low overall expense ratio relative to revenue, indicating efficient operations or asset retention.
0% officer compensation reported across all filings, suggesting volunteer leadership or alternative compensation structures.
Spending Breakdown
How Standardbred Owners Association Inc 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 Standardbred Owners Association Inc
Is Standardbred Owners Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Standardbred Owners Association Inc (EIN: 111867812) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Standardbred Owners Association Inc a good charity to donate to?
Standardbred Owners Association Inc has a Mission Score of 75/100. Revenue: $10.6M. Assets: $21.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Standardbred Owners Association Inc?
The Employer Identification Number (EIN) for Standardbred Owners Association Inc is 111867812. 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 Standardbred Owners Association Inc spend its money?
Standardbred Owners Association Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Standardbred Owners Association Inc's tax-exempt status?
You can verify Standardbred Owners Association Inc's tax-exempt status using EIN 111867812 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
Standardbred Owners Association Inc has demonstrated significant growth in revenue and assets over the past several years, with the latest reported revenue at $2,675,804 and assets at $20,192,542 for the period ending 202312. The organization consistently spends a relatively low percentage of its revenue on expenses, for example, in 202312, expenses were $1,192,577 against $2,675,804 in revenue, indicating a strong ability to retain funds. However, a notable aspect is the substantial increase in liabilities, reaching $14,656,098 in 202312, which warrants further investigation to understand the nature of these obligations and their potential impact on long-term financial stability. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or externally compensated leadership structure, which can be a positive indicator of resource allocation towards the mission.