Retired Racehorse Project Ltd
EIN: 271622725 · Edgewater, MD · NTEE: D60
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Net Assets | $48K |
Is Retired Racehorse Project Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Retired Racehorse Project Ltd
Retired Racehorse Project Ltd (EIN: 271622725) is a nonprofit organization based in Edgewater, MD, classified under NTEE code D60. The organization reported total revenue of $1.3M and total assets of $271K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Retired Racehorse Project Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Retired Racehorse Project Ltd is a mid-size nonprofit that has been operating for 15 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 22.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-39,733 |
| Total Assets | $370K |
| Total Liabilities | $321K |
| Net Assets | $48K |
| Operating Margin | -3.9% |
| Debt-to-Asset Ratio | 86.9% |
| Months of Reserves | 4.1 months |
Financial Health Grade: C
In 2023, Retired Racehorse Project Ltd reported a deficit of $40K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 86.9% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Retired Racehorse Project Ltd's revenue has grown at a compound annual growth rate (CAGR) of 22.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.0% | +11.4% | +5.2% |
| 2022 | -32.1% | -31.8% | -1.1% |
| 2021 | +40.1% | +117.6% | -44.9% |
| 2020 | -24.7% | -37.0% | +103.7% |
| 2019 | +6.7% | +5.8% | +31.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Retired Racehorse Project Ltd 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 Retired Racehorse Project Ltd 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 deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.9%.
Frequently Asked Questions about Retired Racehorse Project Ltd
Is Retired Racehorse Project Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Retired Racehorse Project Ltd (EIN: 271622725) insufficient data. 0 red flags identified, 0 strengths noted.
How does Retired Racehorse Project Ltd spend its money?
Detailed spending breakdown data is not yet available for Retired Racehorse Project Ltd. Check back for updated IRS 990 analysis.
Are donations to Retired Racehorse Project Ltd tax-deductible?
Retired Racehorse Project Ltd is registered as a tax-exempt nonprofit (EIN: 271622725). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Retired Racehorse Project Ltd located?
Retired Racehorse Project Ltd is headquartered in Edgewater, Maryland and files with the IRS under EIN 271622725. It is classified under NTEE code D60.
How many years of IRS 990 filings does Retired Racehorse Project Ltd have?
Retired Racehorse Project Ltd has 11 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Retired Racehorse Project Ltd showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Retired Racehorse Project Ltd's revenue has grown by 634.7%, moving from $140K to $1.0M. Total assets increased by 1052.3% over the same period, from $32K to $370K. Total functional expenses rose by 746.1%, from $126K to $1.1M. In its most recent filing year (2023), Retired Racehorse Project Ltd reported a deficit of $40K, with expenses exceeding revenue. The organization holds $321K in liabilities against $370K in assets (debt-to-asset ratio: 86.9%), resulting in net assets of $48K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.1M | $370K | $321K | — | — |
| 2022 | $792K | $960K | $351K | $263K | — | View 990 |
| 2021 | $1.2M | $1.4M | $356K | $100K | — | View 990 |
| 2020 | $833K | $646K | $645K | $241K | — | View 990 |
| 2019 | $1.1M | $1.0M | $317K | $99K | — | View 990 |
| 2018 | $1.0M | $970K | $240K | $103K | — | View 990 |
| 2017 | $759K | $857K | $207K | $138K | — | — |
| 2016 | $688K | $618K | $277K | $110K | — | View 990 |
| 2015 | $414K | $509K | $113K | $16K | — | View 990 |
| 2014 | $369K | $208K | $199K | $7K | — | View 990 |
| 2013 | $140K | $126K | $32K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $370K (revenue +30.0% year-over-year).
- 2022: Revenue of $792K, expenses of $960K, and assets of $351K (revenue -32.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.4M, and assets of $356K (revenue +40.1% year-over-year).
- 2020: Revenue of $833K, expenses of $646K, and assets of $645K (revenue -24.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $317K (revenue +6.7% year-over-year).
- 2018: Revenue of $1.0M, expenses of $970K, and assets of $240K (revenue +36.7% year-over-year).
- 2017: Revenue of $759K, expenses of $857K, and assets of $207K (revenue +10.3% year-over-year).
- 2016: Revenue of $688K, expenses of $618K, and assets of $277K (revenue +66.1% year-over-year).
- 2015: Revenue of $414K, expenses of $509K, and assets of $113K (revenue +12.2% year-over-year).
- 2014: Revenue of $369K, expenses of $208K, and assets of $199K (revenue +163.6% year-over-year).
- 2013: Revenue of $140K, expenses of $126K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Retired Racehorse Project Ltd:
Data Sources and Methodology
This transparency report for Retired Racehorse Project Ltd 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.