Harness Racing Museum And Hall Of Fame
Harness Racing Museum shows consistent asset growth and no reported officer compensation amidst fluctuating revenues.
EIN: 141368198 · Goshen, NY · NTEE: A500 · Updated: 2026-03-28
Source Check Matrix
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Harness Racing Museum And Hall Of Fame is mapped to EIN 141368198.
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14 stored filing years available.
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80% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| Net Assets | $8.6M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Harness Racing Museum And Hall Of Fame Form 990, Revenue, CEO Pay, and IRS Filing Signals
Harness Racing Museum And Hall Of Fame is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Harness Racing Museum And Hall Of Fame in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $1.4M and expenses of $1.2M.
Revenue and Expenses
Harness Racing Museum And Hall Of Fame reported $1.4M in revenue and $1.2M in expenses, a surplus of $227K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Harness Racing Museum And Hall Of Fame Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $938K (80%) |
Across stored filings, Harness Racing Museum And Hall Of Fame shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Arts & Culture context |
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Harness Racing Museum And Hall Of Fame directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harness Racing Museum And Hall Of Fame
Harness Racing Museum And Hall Of Fame (EIN: 141368198) is a nonprofit organization based in Goshen, NY, classified under NTEE code A500. The organization reported total revenue of $4.1M and total assets of $9.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harness Racing Museum And Hall Of Fame's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harness Racing Museum And Hall Of Fame is a mid-size nonprofit that has been operating for 75 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$227K |
| Total Assets | $9.0M |
| Total Liabilities | $391K |
| Net Assets | $8.6M |
| Operating Margin | 16.2% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 92.4 months |
Financial Health Grade: A
In 2024, Harness Racing Museum And Hall Of Fame reported a surplus of $227K with revenue exceeding expenses, holds 92.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Harness Racing Museum And Hall Of Fame's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +36.2% | -2.6% | +6.8% |
| 2023 | -45.0% | +20.9% | +1.2% |
| 2022 | +66.5% | -6.7% | -7.7% |
| 2021 | -7.0% | -13.2% | +24.0% |
| 2020 | +13.9% | +7.6% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
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 Harness Racing Museum And Hall Of Fame with a Mission Score of 85 out of 100 (Excellent). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Harness Racing Museum And Hall Of Fame allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $227K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or it is not reported in this section, which is highly favorable for public trust and resource allocation.
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 Harness Racing Museum And Hall Of Fame's IRS 990 filings:
- Significant revenue fluctuation in the latest period ($4,051,054 vs. typical $1-1.8M) without immediate explanation, which could indicate reliance on sporadic large donations.
Strengths
The following positive indicators were identified for Harness Racing Museum And Hall Of Fame:
- Consistent asset growth over the past decade, indicating strong financial management and stability.
- Zero reported officer compensation across all filings, enhancing transparency and trust.
- Expenses generally well-managed and consistent, typically staying within the $1-1.2 million range.
- Positive net income in most years, allowing for reinvestment and asset accumulation.
Frequently Asked Questions about Harness Racing Museum And Hall Of Fame
Is Harness Racing Museum And Hall Of Fame a legitimate charity?
Harness Racing Museum And Hall Of Fame (EIN: 141368198) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Harness Racing Museum And Hall Of Fame spend its money?
Harness Racing Museum And Hall Of Fame directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harness Racing Museum And Hall Of Fame tax-deductible?
Harness Racing Museum And Hall Of Fame is registered as a tax-exempt nonprofit (EIN: 141368198). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harness Racing Museum And Hall Of Fame's spending goes to programs?
Harness Racing Museum And Hall Of Fame directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harness Racing Museum And Hall Of Fame compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Harness Racing Museum And Hall Of Fame is above average for NTEE category A500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harness Racing Museum And Hall Of Fame located?
Harness Racing Museum And Hall Of Fame is headquartered in Goshen, New York and files with the IRS under EIN 141368198. It is classified under NTEE code A500.
How many years of IRS 990 filings does Harness Racing Museum And Hall Of Fame have?
Harness Racing Museum And Hall Of Fame 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 $4.1M in total revenue.
Is Harness Racing Museum And Hall Of Fame financially stable?
Yes, the organization demonstrates strong financial stability with consistently growing assets, reaching $9,491,621, and revenues generally exceeding expenses over the past decade.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a volunteer-led executive team or that compensation is not reported in this specific section, which is a positive indicator for resource allocation.
What is the trend in the organization's assets?
Assets have shown a consistent upward trend, growing from $6,420,310 in 201604 to $9,491,621 in the latest period, indicating strong financial health and growth.
Are there significant fluctuations in revenue?
Yes, while revenues typically range from $1 million to $1.8 million, the latest reported revenue of $4,051,054 is a significant increase, suggesting a potential one-time event or large donation.
Filing History
IRS 990 filing history for Harness Racing Museum And Hall Of Fame showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Harness Racing Museum And Hall Of Fame's revenue has grown by 49.9%, moving from $933K to $1.4M. Total assets increased by 62.1% over the same period, from $5.6M to $9.0M. Total functional expenses rose by 1.5%, from $1.2M to $1.2M. In its most recent filing year (2024), Harness Racing Museum And Hall Of Fame reported a surplus of $227K, with revenue exceeding expenses. The organization holds $391K in liabilities against $9.0M in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $8.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.4M | $1.2M | $9.0M | $391K | — | View 990 |
| 2023 | $1.0M | $1.2M | $8.5M | $399K | — | View 990 |
| 2022 | $1.9M | $996K | $8.3M | $28K | — | View 990 |
| 2021 | $1.1M | $1.1M | $9.0M | $272K | — | — |
| 2020 | $1.2M | $1.2M | $7.3M | $29K | — | View 990 |
| 2019 | $1.1M | $1.1M | $7.9M | $80K | — | View 990 |
| 2018 | $1.7M | $1.1M | $7.4M | $28K | — | View 990 |
| 2017 | $1.2M | $1.1M | $6.7M | $29K | — | View 990 |
| 2016 | $1.1M | $1.1M | $6.4M | $78K | — | View 990 |
| 2015 | $1.1M | $1.1M | $6.7M | $45K | — | View 990 |
| 2014 | $1.3M | $1.0M | $6.6M | $39K | — | View 990 |
| 2013 | $1.4M | $978K | $6.1M | $61K | — | View 990 |
| 2012 | $900K | $1.1M | $5.4M | $62K | — | View 990 |
| 2011 | $933K | $1.2M | $5.6M | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.4M, expenses of $1.2M, and assets of $9.0M (revenue +36.2% year-over-year).
- 2023: Revenue of $1.0M, expenses of $1.2M, and assets of $8.5M (revenue -45.0% year-over-year).
- 2022: Revenue of $1.9M, expenses of $996K, and assets of $8.3M (revenue +66.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $9.0M (revenue -7.0% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $7.3M (revenue +13.9% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $7.9M (revenue -38.2% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.1M, and assets of $7.4M (revenue +40.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $6.7M (revenue +14.8% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $6.4M (revenue -7.4% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $6.7M (revenue -10.1% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.0M, and assets of $6.6M (revenue -7.6% year-over-year).
- 2013: Revenue of $1.4M, expenses of $978K, and assets of $6.1M (revenue +53.8% year-over-year).
- 2012: Revenue of $900K, expenses of $1.1M, and assets of $5.4M (revenue -3.6% year-over-year).
- 2011: Revenue of $933K, expenses of $1.2M, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harness Racing Museum And Hall Of Fame:
Data Sources and Methodology
This transparency report for Harness Racing Museum And Hall Of Fame 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.