National Museum Of Racing Inc

National Museum Of Racing Inc. shows consistent asset growth and strong financial health with no reported officer compensation.

EIN: 141421321 · Saratoga Spgs, NY · NTEE: A500 · Updated: 2026-03-28

$7.3MRevenue

$30.9MAssets

90/100Mission Score (Excellent)

A500

About National Museum Of Racing Inc

National Museum Of Racing Inc (EIN: 141421321) is a nonprofit organization based in Saratoga Spgs, NY, classified under NTEE code A500. The organization reported total revenue of $7.3M and total assets of $30.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Museum Of Racing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The National Museum Of Racing Inc. demonstrates consistent financial health with growing assets and generally positive net income over the past decade. In 2023, the organization reported revenues of $4,618,697 against expenses of $3,966,723, indicating a surplus. Their asset base has steadily increased from $14,813,221 in 2014 to $31,316,412 in 2023, showcasing strong financial stewardship and growth. The organization's liabilities have remained very low, often less than 1% of assets, which is a positive indicator of financial stability.

Spending efficiency appears strong, with expenses consistently lower than revenues in most recent years, allowing for asset accumulation. The absence of reported officer compensation across all available filings suggests that executive leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which could be a point of further inquiry for full transparency. However, this also implies a high proportion of funds are directed towards the organization's mission rather than executive salaries.

Overall, the National Museum Of Racing Inc. exhibits robust financial management, a healthy balance sheet, and a clear commitment to its mission as evidenced by its financial trends. The consistent growth in assets and low liabilities, coupled with no reported officer compensation, points to a well-managed and potentially highly efficient operation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates National Museum Of Racing Inc with a Mission Score of 90 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, National Museum Of Racing Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% officer compensation across all available periods, suggesting that the organization's top leadership may be uncompensated volunteers or compensated through mechanisms not classified as 'officer compensation' on the 990. This indicates a high potential for funds to be directly allocated to programmatic activities rather than executive salaries.

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 National Museum Of Racing Inc's IRS 990 filings:

Fluctuating revenue year-over-year, making future income less predictable.
Lack of detailed breakdown for 'officer compensation' beyond 0% reported, which could warrant further inquiry into how leadership is compensated if at all.

Strengths

The following positive indicators were identified for National Museum Of Racing Inc:

Consistent asset growth, from $14.8M in 2014 to $31.3M in 2023, indicating strong financial management and investment.
Very low liabilities relative to assets, demonstrating excellent financial health and minimal debt burden.
Generally positive net income (revenue exceeding expenses) in most recent years, allowing for reinvestment and growth.
No reported officer compensation across all filings, suggesting a high proportion of funds are directed to programs.
Strong NTEE code (A500 - Museums) aligns with the organization's name and mission.

Frequently Asked Questions about National Museum Of Racing Inc

Is National Museum Of Racing Inc. a good charity?

Based on the provided financial data, the National Museum Of Racing Inc. appears to be a well-managed and financially healthy organization. It consistently generates surpluses, has significantly grown its assets from $14.8M in 2014 to $31.3M in 2023, and reports no officer compensation, suggesting a strong focus on its mission.

How has the organization's revenue trended over the past few years?

Revenue has fluctuated but shown overall growth, with a notable peak of $9,567,256 in 2018. More recently, it was $6,266,172 in 2022 and $4,618,697 in 2023, indicating variability but generally strong fundraising capabilities.

What is the organization's financial stability?

The organization demonstrates strong financial stability, with assets consistently growing and liabilities remaining very low. For example, in 2023, assets were $31,316,412 against liabilities of only $102,929, representing a very healthy balance sheet.

Filing History

IRS 990 filing history for National Museum Of Racing Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), National Museum Of Racing Inc's revenue has grown by 162.1%, moving from $1.8M to $4.6M. Total assets increased by 147% over the same period, from $12.7M to $31.3M. Total functional expenses rose by 96.8%, from $2.0M to $4.0M. In its most recent filing year (2023), National Museum Of Racing Inc reported a surplus of $652K, with revenue exceeding expenses. The organization holds $103K in liabilities against $31.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $31.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.6M	$4.0M	$31.3M	$103K	—	—
2022	$6.3M	$3.7M	$29.0M	$77K	—	View 990
2021	$3.9M	$3.4M	$28.8M	$36K	—	View 990
2020	$3.1M	$2.4M	$28.5M	$1.3M	—	—
2019	$4.9M	$2.3M	$27.1M	$1.2M	—	View 990
2018	$9.6M	$2.5M	$22.0M	$244K	—	View 990
2017	$2.1M	$1.9M	$15.6M	$57K	—	View 990
2016	$1.5M	$1.8M	$14.7M	$67K	—	View 990
2015	$2.2M	$1.8M	$14.8M	$51K	—	View 990
2014	$1.4M	$2.0M	$14.8M	$278K	—	View 990
2013	$1.7M	$1.8M	$14.7M	$48K	—	View 990
2012	$1.4M	$1.7M	$13.5M	$45K	—	View 990
2011	$2.4M	$1.9M	$13.3M	$47K	—	View 990
2010	$1.8M	$2.0M	$12.7M	$37K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.6M, expenses of $4.0M, and assets of $31.3M (revenue -26.3% year-over-year).
2022: Revenue of $6.3M, expenses of $3.7M, and assets of $29.0M (revenue +61.0% year-over-year).
2021: Revenue of $3.9M, expenses of $3.4M, and assets of $28.8M (revenue +23.8% year-over-year).
2020: Revenue of $3.1M, expenses of $2.4M, and assets of $28.5M (revenue -36.5% year-over-year).
2019: Revenue of $4.9M, expenses of $2.3M, and assets of $27.1M (revenue -48.3% year-over-year).
2018: Revenue of $9.6M, expenses of $2.5M, and assets of $22.0M (revenue +356.0% year-over-year).
2017: Revenue of $2.1M, expenses of $1.9M, and assets of $15.6M (revenue +38.0% year-over-year).
2016: Revenue of $1.5M, expenses of $1.8M, and assets of $14.7M (revenue -32.1% year-over-year).
2015: Revenue of $2.2M, expenses of $1.8M, and assets of $14.8M (revenue +61.2% year-over-year).
2014: Revenue of $1.4M, expenses of $2.0M, and assets of $14.8M (revenue -18.0% year-over-year).
2013: Revenue of $1.7M, expenses of $1.8M, and assets of $14.7M (revenue +23.3% year-over-year).
2012: Revenue of $1.4M, expenses of $1.7M, and assets of $13.5M (revenue -42.7% year-over-year).
2011: Revenue of $2.4M, expenses of $1.9M, and assets of $13.3M (revenue +36.2% year-over-year).
2010: Revenue of $1.8M, expenses of $2.0M, and assets of $12.7M.

Data Sources and Methodology

This transparency report for National Museum Of Racing 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.