Breeders Cup Limited
Breeders Cup Limited maintains stable operations with growing assets and no reported officer compensation.
EIN: 133082904 · Lexington, KY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $54.8M |
| Total Expenses | $51.2M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $95.1M |
| Transparency Score | 70/100 |
Is Breeders Cup Limited Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Breeders Cup Limited directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Breeders Cup Limited
Breeders Cup Limited (EIN: 133082904) is a nonprofit organization based in Lexington, KY. The organization reported total revenue of $54.8M and total assets of $123.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Breeders Cup Limited's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Breeders Cup Limited is a major nonprofit that has been operating for 44 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $48.1M |
| Total Expenses | $51.2M |
| Surplus / Deficit | $-3,159,745 |
| Total Assets | $113.2M |
| Total Liabilities | $18.1M |
| Net Assets | $95.1M |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 16.0% |
| Months of Reserves | 26.5 months |
Financial Health Grade: B
In 2024, Breeders Cup Limited reported a deficit of $3.2M with expenses exceeding revenue, holds 26.5 months of operating reserves (strong position), has a debt-to-asset ratio of 16.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Breeders Cup Limited's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.7% | +2.1% | +1.2% |
| 2023 | -15.7% | +1.7% | -5.1% |
| 2022 | +33.8% | -6.1% | +23.7% |
| 2021 | -2.1% | +12.2% | +11.6% |
| 2020 | -9.5% | -0.8% | +22.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Breeders Cup Limited with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Breeders Cup Limited allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity of this size with revenues often exceeding $50 million. This suggests that executive compensation may be structured differently or not reported under 'Officer Comp' on the 990, warranting further investigation into the full tax forms.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Breeders Cup Limited's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation into executive compensation practices.
- Lack of detailed expense breakdown in summary data, making it difficult to assess spending efficiency without full 990 review.
Strengths
The following positive indicators were identified for Breeders Cup Limited:
- Significant asset growth from $54.4 million in 2015 to $123.7 million currently, indicating strong financial management.
- Stable revenue generation, consistently in the $40-60 million range over the past decade.
- Liabilities remain a relatively small portion of total assets, suggesting a healthy balance sheet.
Frequently Asked Questions about Breeders Cup Limited
Is Breeders Cup Limited a legitimate charity?
Based on AI analysis of IRS 990 filings, Breeders Cup Limited (EIN: 133082904) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Breeders Cup Limited spend its money?
Breeders Cup Limited directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Breeders Cup Limited tax-deductible?
Breeders Cup Limited is registered as a tax-exempt nonprofit (EIN: 133082904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Breeders Cup Limited CEO make?
Breeders Cup Limited's highest-compensated officer earns $50 annually. The organization reported $54.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Breeders Cup Limited's spending goes to programs?
Breeders Cup Limited directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Breeders Cup Limited located?
Breeders Cup Limited is headquartered in Lexington, Kentucky and files with the IRS under EIN 133082904.
How many years of IRS 990 filings does Breeders Cup Limited have?
Breeders Cup Limited has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $54.8M in total revenue.
How does Breeders Cup Limited compensate its executives if 'Officer Comp' is consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all available filings suggests that executive compensation might be structured differently (e.g., through management companies, as independent contractors, or not directly as 'officer compensation' on the 990 Part VII), or that the organization's leadership is entirely volunteer. A deeper dive into the full 990 forms would be necessary to understand the true compensation structure.
What are the specific program activities and their associated costs for Breeders Cup Limited?
The provided data does not detail specific program activities or their costs. To understand the nature and impact of Breeders Cup Limited's programs, one would need to review the full IRS 990 forms, particularly Part III (Statement of Program Service Accomplishments) and Schedule O (Supplemental Information to Form 990).
What is the breakdown of expenses beyond the high-level revenue and expense figures?
The summary data only provides total revenue and expenses. A detailed breakdown of expenses into program services, management and general, and fundraising would require reviewing the full IRS 990 forms, specifically Part IX (Statement of Functional Expenses).
Filing History
IRS 990 filing history for Breeders Cup Limited showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Breeders Cup Limited's revenue has grown by 6.1%, moving from $45.3M to $48.1M. Total assets increased by 110.1% over the same period, from $53.9M to $113.2M. Total functional expenses rose by 23.3%, from $41.6M to $51.2M. In its most recent filing year (2024), Breeders Cup Limited reported a deficit of $3.2M, with expenses exceeding revenue. The organization holds $18.1M in liabilities against $113.2M in assets (debt-to-asset ratio: 16.0%), resulting in net assets of $95.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $48.1M | $51.2M | $113.2M | $18.1M | — | View 990 |
| 2023 | $51.0M | $50.2M | $111.8M | $20.2M | — | View 990 |
| 2022 | $60.5M | $49.4M | $117.8M | $16.2M | — | View 990 |
| 2021 | $45.3M | $52.6M | $95.2M | $18.7M | — | — |
| 2020 | $46.2M | $46.8M | $85.3M | $8.2M | — | View 990 |
| 2019 | $51.1M | $47.2M | $69.7M | $905K | — | View 990 |
| 2018 | $49.5M | $48.2M | $63.5M | $726K | — | View 990 |
| 2017 | $45.2M | $42.4M | $57.1M | $3.2M | — | View 990 |
| 2016 | $44.2M | $40.9M | $53.0M | $4.2M | — | View 990 |
| 2015 | $40.2M | $42.0M | $54.5M | $7.3M | — | View 990 |
| 2014 | $38.7M | $42.1M | $60.8M | $15.3M | — | View 990 |
| 2013 | $40.9M | $42.9M | $52.9M | $7.9M | — | View 990 |
| 2012 | $798K | $690K | $49.5M | $5.8M | — | View 990 |
| 2011 | $45.3M | $41.6M | $53.9M | $11.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $48.1M, expenses of $51.2M, and assets of $113.2M (revenue -5.7% year-over-year).
- 2023: Revenue of $51.0M, expenses of $50.2M, and assets of $111.8M (revenue -15.7% year-over-year).
- 2022: Revenue of $60.5M, expenses of $49.4M, and assets of $117.8M (revenue +33.8% year-over-year).
- 2021: Revenue of $45.3M, expenses of $52.6M, and assets of $95.2M (revenue -2.1% year-over-year).
- 2020: Revenue of $46.2M, expenses of $46.8M, and assets of $85.3M (revenue -9.5% year-over-year).
- 2019: Revenue of $51.1M, expenses of $47.2M, and assets of $69.7M (revenue +3.1% year-over-year).
- 2018: Revenue of $49.5M, expenses of $48.2M, and assets of $63.5M (revenue +9.6% year-over-year).
- 2017: Revenue of $45.2M, expenses of $42.4M, and assets of $57.1M (revenue +2.3% year-over-year).
- 2016: Revenue of $44.2M, expenses of $40.9M, and assets of $53.0M (revenue +10.0% year-over-year).
- 2015: Revenue of $40.2M, expenses of $42.0M, and assets of $54.5M (revenue +3.8% year-over-year).
- 2014: Revenue of $38.7M, expenses of $42.1M, and assets of $60.8M (revenue -5.3% year-over-year).
- 2013: Revenue of $40.9M, expenses of $42.9M, and assets of $52.9M (revenue +5021.7% year-over-year).
- 2012: Revenue of $798K, expenses of $690K, and assets of $49.5M (revenue -98.2% year-over-year).
- 2011: Revenue of $45.3M, expenses of $41.6M, and assets of $53.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Breeders Cup Limited:
Data Sources and Methodology
This transparency report for Breeders Cup Limited is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.