National Steeplechase Museum Inc
National Steeplechase Museum Inc. maintains stable assets despite highly volatile revenue and no reported officer compensation.
EIN: 200477201 · Camden, SC · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $322K |
| Total Expenses | $146K |
| Program Spending | 70% |
| Net Assets | $1.8M |
| Transparency Score | 75/100 |
Is National Steeplechase Museum Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Steeplechase Museum Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About National Steeplechase Museum Inc
National Steeplechase Museum Inc (EIN: 200477201) is a nonprofit organization based in Camden, SC, classified under NTEE code A50. The organization reported total revenue of $322K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Steeplechase Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Steeplechase Museum Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $159K |
| Total Expenses | $146K |
| Surplus / Deficit | +$14K |
| Total Assets | $1.8M |
| Total Liabilities | $2K |
| Net Assets | $1.8M |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 145.7 months |
Financial Health Grade: A
In 2023, National Steeplechase Museum Inc reported a surplus of $14K with revenue exceeding expenses, holds 145.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Steeplechase Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +148.0% | -0.6% | +0.8% |
| 2022 | -27.0% | -3.3% | -4.4% |
| 2021 | -92.2% | +105.3% | -3.3% |
| 2020 | +2152.2% | +53.4% | +126.9% |
| 2019 | -31.5% | -35.9% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Steeplechase Museum Inc with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, National Steeplechase Museum Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through non-officer categories, which is a positive for directing funds to the mission.
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 Steeplechase Museum Inc's IRS 990 filings:
- Highly volatile revenue streams, with a peak of $1,134,845 in 2020 contrasting with $64,319 in 2022, indicating potential reliance on sporadic large contributions.
- Lack of detailed expense breakdown in provided data limits precise assessment of program vs. administrative spending efficiency.
Strengths
The following positive indicators were identified for National Steeplechase Museum Inc:
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds for mission-related activities.
- Healthy asset base consistently exceeding liabilities, indicating strong solvency and financial resilience.
- Long and consistent IRS 990 filing history (13 filings), demonstrating good transparency.
- Effective management of expenses, generally keeping them below or near revenue in most years.
Frequently Asked Questions about National Steeplechase Museum Inc
Is National Steeplechase Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, National Steeplechase Museum Inc (EIN: 200477201) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does National Steeplechase Museum Inc spend its money?
National Steeplechase Museum Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Steeplechase Museum Inc tax-deductible?
National Steeplechase Museum Inc is registered as a tax-exempt nonprofit (EIN: 200477201). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of National Steeplechase Museum Inc's spending goes to programs?
National Steeplechase Museum Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does National Steeplechase Museum Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), National Steeplechase Museum Inc is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Steeplechase Museum Inc located?
National Steeplechase Museum Inc is headquartered in Camden, South Carolina and files with the IRS under EIN 200477201. It is classified under NTEE code A50.
How many years of IRS 990 filings does National Steeplechase Museum Inc have?
National Steeplechase Museum Inc has 13 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 $322K in total revenue.
Is National Steeplechase Museum Inc. financially stable?
Yes, the organization appears financially stable with assets consistently exceeding liabilities, such as $1,768,167 in assets against $2,212 in liabilities in 2023, despite highly fluctuating revenue.
Why was revenue so high in 2020?
The revenue in 2020 was exceptionally high at $1,134,845 compared to other years, suggesting a significant one-time donation, grant, or successful fundraising event during that period.
Does the organization pay its executives?
Based on the provided IRS 990 data, the organization consistently reports 0% officer compensation, suggesting executives are either volunteers or compensated through other means not classified as officer compensation.
How has the organization's asset base changed over time?
The organization's assets significantly increased from $837,012 in 2019 to $1,899,390 in 2020, and have remained around the $1.7-$1.8 million mark since, indicating a substantial growth in its resource base.
Filing History
IRS 990 filing history for National Steeplechase Museum Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Steeplechase Museum Inc's revenue has grown by 136.6%, moving from $67K to $159K. Total assets increased by 312.5% over the same period, from $429K to $1.8M. Total functional expenses rose by 76.3%, from $83K to $146K. In its most recent filing year (2023), National Steeplechase Museum Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $2K in liabilities against $1.8M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $159K | $146K | $1.8M | $2K | — | View 990 |
| 2022 | $64K | $146K | $1.8M | $2K | — | View 990 |
| 2021 | $88K | $151K | $1.8M | $2K | — | View 990 |
| 2020 | $1.1M | $74K | $1.9M | $2K | — | View 990 |
| 2019 | $50K | $48K | $837K | $386 | — | View 990 |
| 2018 | $74K | $75K | $834K | $0 | — | View 990 |
| 2017 | $65K | $81K | $837K | $969 | — | View 990 |
| 2016 | $100K | $85K | $853K | $900 | — | View 990 |
| 2015 | $86K | $79K | $839K | $2K | — | View 990 |
| 2014 | $105K | $83K | $833K | $3K | — | View 990 |
| 2013 | $443K | $98K | $810K | $2K | — | View 990 |
| 2012 | $126K | $93K | $465K | $3K | — | View 990 |
| 2011 | $67K | $83K | $429K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $159K, expenses of $146K, and assets of $1.8M (revenue +148.0% year-over-year).
- 2022: Revenue of $64K, expenses of $146K, and assets of $1.8M (revenue -27.0% year-over-year).
- 2021: Revenue of $88K, expenses of $151K, and assets of $1.8M (revenue -92.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $74K, and assets of $1.9M (revenue +2152.2% year-over-year).
- 2019: Revenue of $50K, expenses of $48K, and assets of $837K (revenue -31.5% year-over-year).
- 2018: Revenue of $74K, expenses of $75K, and assets of $834K (revenue +13.8% year-over-year).
- 2017: Revenue of $65K, expenses of $81K, and assets of $837K (revenue -35.4% year-over-year).
- 2016: Revenue of $100K, expenses of $85K, and assets of $853K (revenue +15.8% year-over-year).
- 2015: Revenue of $86K, expenses of $79K, and assets of $839K (revenue -17.3% year-over-year).
- 2014: Revenue of $105K, expenses of $83K, and assets of $833K (revenue -76.4% year-over-year).
- 2013: Revenue of $443K, expenses of $98K, and assets of $810K (revenue +251.0% year-over-year).
- 2012: Revenue of $126K, expenses of $93K, and assets of $465K (revenue +87.4% year-over-year).
- 2011: Revenue of $67K, expenses of $83K, and assets of $429K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Steeplechase Museum Inc:
Data Sources and Methodology
This transparency report for National Steeplechase Museum 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.