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
Source Check Matrix
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National Museum Of Racing Inc is mapped to EIN 141421321.
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14 stored filing years available.
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85% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $4.0M |
| Program Spending | 85% |
| Net Assets | $31.2M |
| Transparency Score | 90/100 |
Search Intent Cockpit
National Museum Of Racing Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
National Museum Of Racing Inc 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 National Museum Of Racing Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $4.6M and expenses of $4.0M.
Revenue and Expenses
National Museum Of Racing Inc reported $4.6M in revenue and $4.0M in expenses, a surplus of $652K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 2 red flags, and 5 strengths are shown from structured and AI review.
Is National Museum Of Racing Inc 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 | $3.4M (85%) |
Across stored filings, National Museum Of Racing Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% 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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National Museum Of Racing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
National Museum Of Racing Inc is a mid-size nonprofit that has been operating for 74 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$652K |
| Total Assets | $31.3M |
| Total Liabilities | $103K |
| Net Assets | $31.2M |
| Operating Margin | 14.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 94.7 months |
Financial Health Grade: A
In 2023, National Museum Of Racing Inc reported a surplus of $652K with revenue exceeding expenses, holds 94.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), National Museum Of Racing Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.3% | +8.1% | +8.0% |
| 2022 | +61.0% | +8.6% | +0.6% |
| 2021 | +23.8% | +40.1% | +1.0% |
| 2020 | -36.5% | +3.2% | +5.4% |
| 2019 | -48.3% | -6.3% | +23.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $652K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
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 legitimate charity?
National Museum Of Racing Inc (EIN: 141421321) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $7.3M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does National Museum Of Racing Inc spend its money?
National Museum Of Racing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to National Museum Of Racing Inc tax-deductible?
National Museum Of Racing Inc is registered as a tax-exempt nonprofit (EIN: 141421321). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of National Museum Of Racing Inc's spending goes to programs?
National Museum Of Racing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does National Museum Of Racing Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), National Museum Of Racing Inc 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 National Museum Of Racing Inc located?
National Museum Of Racing Inc is headquartered in Saratoga Spgs, New York and files with the IRS under EIN 141421321. It is classified under NTEE code A500.
How many years of IRS 990 filings does National Museum Of Racing Inc have?
National Museum Of Racing 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 $7.3M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Museum Of Racing Inc:
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.