Is Thoroughbred Breeders Association Of New Jersey Legit?
Quick charity verification for Thoroughbred Breeders Association Of New Jersey (EIN: 216001631)
Verdict: Thoroughbred Breeders Association Of New Jersey appears trustworthy
75/100Mission Score
$1.6MRevenue
$443KAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (e.g., 2023 and 2022)
Declining asset base from 2021 to 2023 ($1,227,654 to $1,124,448)
Strengths
Consistent revenue generation over a decade (averaging ~$1.8M)
No reported officer compensation, indicating efficient use of funds for leadership or alternative compensation structures
Maintained a substantial asset base, providing some financial resilience
Spending Breakdown
How Thoroughbred Breeders Association Of New Jersey allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Thoroughbred Breeders Association Of New Jersey
Is Thoroughbred Breeders Association Of New Jersey a legitimate charity?
Based on AI analysis of IRS 990 filings, Thoroughbred Breeders Association Of New Jersey (EIN: 216001631) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Thoroughbred Breeders Association Of New Jersey a good charity to donate to?
Thoroughbred Breeders Association Of New Jersey has a Mission Score of 75/100. Revenue: $1.6M. Assets: $443K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thoroughbred Breeders Association Of New Jersey?
The Employer Identification Number (EIN) for Thoroughbred Breeders Association Of New Jersey is 216001631. 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 Thoroughbred Breeders Association Of New Jersey spend its money?
Thoroughbred Breeders Association Of New Jersey allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thoroughbred Breeders Association Of New Jersey's tax-exempt status?
You can verify Thoroughbred Breeders Association Of New Jersey's tax-exempt status using EIN 216001631 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 Thoroughbred Breeders Association Of New Jersey demonstrates consistent revenue generation, averaging around $1.8 million annually over the past decade. However, recent filings show a trend of expenses exceeding revenue, with 2023 expenses at $1,926,056 against revenues of $1,619,258, and 2022 expenses at $1,989,298 against revenues of $1,881,048. This indicates a potential reliance on reserves or other funding sources to cover operational costs in recent years. The organization's assets have fluctuated, reaching a high of $1,227,654 in 2021 but declining to $1,124,448 in 2023, while liabilities have shown some volatility, peaking at $677,473 in 2018 and standing at $367,404 in 2023. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that officers are not compensated directly by the organization.