Kentucky Harness Horsemens Assoc Inc
EIN: 610854875 · Lexington, KY
| Metric | Value |
|---|---|
| Total Revenue | $345K |
| Total Expenses | $239K |
| Net Assets | $385K |
Is Kentucky Harness Horsemens Assoc Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kentucky Harness Horsemens Assoc Inc
Kentucky Harness Horsemens Assoc Inc (EIN: 610854875) is a nonprofit organization based in Lexington, KY. The organization reported total revenue of $345K and total assets of $456K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Harness Horsemens Assoc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky Harness Horsemens Assoc Inc is a small nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $331K |
| Total Expenses | $239K |
| Surplus / Deficit | +$92K |
| Total Assets | $385K |
| Net Assets | $385K |
| Operating Margin | 27.8% |
| Months of Reserves | 19.3 months |
Financial Health Grade: A
In 2023, Kentucky Harness Horsemens Assoc Inc reported a surplus of $92K with revenue exceeding expenses, holds 19.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Kentucky Harness Horsemens Assoc Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.2% | -2.0% | +31.4% |
| 2022 | +99.6% | +285.6% | -8.2% |
| 2021 | -18.4% | -16.3% | +16.9% |
| 2020 | -17.6% | -30.8% | +27.0% |
| 2019 | +11.4% | -28.7% | +32.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kentucky Harness Horsemens Assoc Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kentucky Harness Horsemens Assoc Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $92K, with revenue exceeding expenses.
Frequently Asked Questions about Kentucky Harness Horsemens Assoc Inc
Is Kentucky Harness Horsemens Assoc Inc a legitimate charity?
Kentucky Harness Horsemens Assoc Inc (EIN: 610854875) is a registered tax-exempt nonprofit based in Kentucky. It has 14 years of IRS 990 filings on record. Total revenue: $345K. No red flags identified. Financial health grade: A.
How does Kentucky Harness Horsemens Assoc Inc spend its money?
Kentucky Harness Horsemens Assoc Inc reported $345K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kentucky Harness Horsemens Assoc Inc tax-deductible?
Kentucky Harness Horsemens Assoc Inc is registered as a tax-exempt nonprofit (EIN: 610854875). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kentucky Harness Horsemens Assoc Inc located?
Kentucky Harness Horsemens Assoc Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 610854875.
How many years of IRS 990 filings does Kentucky Harness Horsemens Assoc Inc have?
Kentucky Harness Horsemens Assoc Inc 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 $345K in total revenue.
Filing History
IRS 990 filing history for Kentucky Harness Horsemens Assoc Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Kentucky Harness Horsemens Assoc Inc's revenue has grown by 114.9%, moving from $154K to $331K. Total assets increased by 144.3% over the same period, from $158K to $385K. Total functional expenses rose by 68.9%, from $141K to $239K. In its most recent filing year (2023), Kentucky Harness Horsemens Assoc Inc reported a surplus of $92K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $331K | $239K | $385K | $0 | — | View 990 |
| 2022 | $217K | $244K | $293K | $0 | — | View 990 |
| 2021 | $109K | $63K | $319K | $0 | — | View 990 |
| 2020 | $133K | $76K | $273K | $0 | — | — |
| 2019 | $162K | $109K | $215K | $0 | — | View 990 |
| 2018 | $145K | $153K | $162K | $0 | — | View 990 |
| 2017 | $163K | $149K | $169K | $0 | — | — |
| 2016 | $160K | $158K | $156K | $0 | — | View 990 |
| 2015 | $143K | $130K | $155K | $0 | — | View 990 |
| 2014 | $134K | $151K | $142K | $0 | — | View 990 |
| 2013 | $139K | $142K | $158K | $0 | — | View 990 |
| 2012 | $152K | $143K | $162K | $0 | — | View 990 |
| 2011 | $136K | $141K | $152K | $0 | — | View 990 |
| 2010 | $154K | $141K | $158K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $331K, expenses of $239K, and assets of $385K (revenue +52.2% year-over-year).
- 2022: Revenue of $217K, expenses of $244K, and assets of $293K (revenue +99.6% year-over-year).
- 2021: Revenue of $109K, expenses of $63K, and assets of $319K (revenue -18.4% year-over-year).
- 2020: Revenue of $133K, expenses of $76K, and assets of $273K (revenue -17.6% year-over-year).
- 2019: Revenue of $162K, expenses of $109K, and assets of $215K (revenue +11.4% year-over-year).
- 2018: Revenue of $145K, expenses of $153K, and assets of $162K (revenue -10.5% year-over-year).
- 2017: Revenue of $163K, expenses of $149K, and assets of $169K (revenue +1.5% year-over-year).
- 2016: Revenue of $160K, expenses of $158K, and assets of $156K (revenue +12.3% year-over-year).
- 2015: Revenue of $143K, expenses of $130K, and assets of $155K (revenue +6.2% year-over-year).
- 2014: Revenue of $134K, expenses of $151K, and assets of $142K (revenue -3.1% year-over-year).
- 2013: Revenue of $139K, expenses of $142K, and assets of $158K (revenue -8.8% year-over-year).
- 2012: Revenue of $152K, expenses of $143K, and assets of $162K (revenue +11.8% year-over-year).
- 2011: Revenue of $136K, expenses of $141K, and assets of $152K (revenue -11.7% year-over-year).
- 2010: Revenue of $154K, expenses of $141K, and assets of $158K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Harness Horsemens Assoc Inc:
Data Sources and Methodology
This transparency report for Kentucky Harness Horsemens Assoc Inc 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.