Racing Officials Accreditationprogram Inc
Racing Officials Accreditationprogram Inc maintains stable assets and zero liabilities with no officer compensation.
EIN: 204137857 · Lexington, KY · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $74K |
| Total Expenses | $54K |
| Program Spending | 85% |
| Net Assets | $124K |
| Transparency Score | 90/100 |
Is Racing Officials Accreditationprogram Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Racing Officials Accreditationprogram Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Racing Officials Accreditationprogram Inc
Racing Officials Accreditationprogram Inc (EIN: 204137857) is a nonprofit organization based in Lexington, KY, classified under NTEE code S41. The organization reported total revenue of $74K and total assets of $135K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Racing Officials Accreditationprogram Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Racing Officials Accreditationprogram Inc is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $54K |
| Surplus / Deficit | +$6K |
| Total Assets | $124K |
| Net Assets | $124K |
| Operating Margin | 10.3% |
| Months of Reserves | 27.6 months |
Financial Health Grade: A
In 2023, Racing Officials Accreditationprogram Inc reported a surplus of $6K with revenue exceeding expenses, holds 27.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Racing Officials Accreditationprogram Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.4% | -49.8% | +5.2% |
| 2022 | +81.0% | +28.6% | -2.5% |
| 2021 | -34.4% | -6.3% | -17.6% |
| 2020 | -25.1% | -35.4% | -0.8% |
| 2019 | +19.6% | +49.2% | -12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Racing Officials Accreditationprogram 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Racing Officials Accreditationprogram Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 $6K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size.
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 Racing Officials Accreditationprogram Inc's IRS 990 filings:
- Fluctuating annual revenue and expenses, which could impact long-term planning for a small organization.
Strengths
The following positive indicators were identified for Racing Officials Accreditationprogram Inc:
- Consistent reporting of zero liabilities across all filings, indicating strong financial health.
- 0% officer compensation reported, demonstrating a high commitment to program spending and efficiency.
- Maintains a stable and positive asset base over time (e.g., $134,713 latest assets).
- Extensive filing history (13 filings) indicates strong transparency and compliance.
- Expenses generally kept in line with revenue, preventing significant deficits.
Frequently Asked Questions about Racing Officials Accreditationprogram Inc
Is Racing Officials Accreditationprogram Inc a legitimate charity?
Racing Officials Accreditationprogram Inc (EIN: 204137857) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $74K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Racing Officials Accreditationprogram Inc spend its money?
Racing Officials Accreditationprogram Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Racing Officials Accreditationprogram Inc tax-deductible?
Racing Officials Accreditationprogram Inc is registered as a tax-exempt nonprofit (EIN: 204137857). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Racing Officials Accreditationprogram Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Racing Officials Accreditationprogram Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Racing Officials Accreditationprogram Inc located?
Racing Officials Accreditationprogram Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 204137857. It is classified under NTEE code S41.
How many years of IRS 990 filings does Racing Officials Accreditationprogram Inc have?
Racing Officials Accreditationprogram 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 $74K in total revenue.
Is Racing Officials Accreditationprogram Inc a good charity?
Based on its financial data, Racing Officials Accreditationprogram Inc appears to be a well-managed charity. It consistently reports zero liabilities, maintains a stable asset base (e.g., $134,713 in latest assets), and most notably, reports 0% officer compensation, suggesting a strong commitment to directing resources to its mission.
How does Racing Officials Accreditationprogram Inc manage its finances?
The organization manages its finances prudently, consistently keeping liabilities at $0 and maintaining a healthy asset base. While revenue and expenses fluctuate year-to-year (e.g., $60,199 revenue vs. $54,007 expenses in 2023), it generally operates within its means.
What is the trend in Racing Officials Accreditationprogram Inc's revenue?
Racing Officials Accreditationprogram Inc's revenue has fluctuated over the past decade, ranging from a low of $57,759 in 2021 to a high of $135,231 in 2017. The latest reported revenue is $74,064, indicating variability rather than a consistent upward or downward trend.
Filing History
IRS 990 filing history for Racing Officials Accreditationprogram Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Racing Officials Accreditationprogram Inc's revenue has declined by 32.6%, moving from $89K to $60K. Total assets increased by 18% over the same period, from $105K to $124K. Total functional expenses fell by 2.4%, from $55K to $54K. In its most recent filing year (2023), Racing Officials Accreditationprogram Inc reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $54K | $124K | $0 | — | — |
| 2022 | $105K | $108K | $118K | $0 | — | View 990 |
| 2021 | $58K | $84K | $121K | $0 | — | View 990 |
| 2020 | $88K | $89K | $147K | $0 | — | View 990 |
| 2019 | $118K | $138K | $148K | $0 | — | View 990 |
| 2018 | $98K | $93K | $169K | $0 | — | View 990 |
| 2017 | $135K | $124K | $163K | $0 | — | View 990 |
| 2016 | $95K | $82K | $152K | $0 | — | View 990 |
| 2015 | $74K | $100K | $138K | $0 | — | View 990 |
| 2014 | $122K | $118K | $164K | $0 | — | View 990 |
| 2013 | $98K | $74K | $160K | $0 | — | View 990 |
| 2012 | $98K | $67K | $136K | $0 | — | View 990 |
| 2011 | $89K | $55K | $105K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $54K, and assets of $124K (revenue -42.4% year-over-year).
- 2022: Revenue of $105K, expenses of $108K, and assets of $118K (revenue +81.0% year-over-year).
- 2021: Revenue of $58K, expenses of $84K, and assets of $121K (revenue -34.4% year-over-year).
- 2020: Revenue of $88K, expenses of $89K, and assets of $147K (revenue -25.1% year-over-year).
- 2019: Revenue of $118K, expenses of $138K, and assets of $148K (revenue +19.6% year-over-year).
- 2018: Revenue of $98K, expenses of $93K, and assets of $169K (revenue -27.3% year-over-year).
- 2017: Revenue of $135K, expenses of $124K, and assets of $163K (revenue +41.6% year-over-year).
- 2016: Revenue of $95K, expenses of $82K, and assets of $152K (revenue +28.3% year-over-year).
- 2015: Revenue of $74K, expenses of $100K, and assets of $138K (revenue -38.8% year-over-year).
- 2014: Revenue of $122K, expenses of $118K, and assets of $164K (revenue +24.0% year-over-year).
- 2013: Revenue of $98K, expenses of $74K, and assets of $160K (revenue -0.1% year-over-year).
- 2012: Revenue of $98K, expenses of $67K, and assets of $136K (revenue +9.9% year-over-year).
- 2011: Revenue of $89K, expenses of $55K, and assets of $105K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Racing Officials Accreditationprogram Inc:
Data Sources and Methodology
This transparency report for Racing Officials Accreditationprogram 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.