Steeplechase Fund
Steeplechase Fund maintains stable assets and minimal liabilities, frequently operating with expenses exceeding revenue.
EIN: 136067724 · Elkton, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $149K |
| Total Expenses | $91K |
| Program Spending | 70% |
| Net Assets | $399K |
| Transparency Score | 65/100 |
Search Intent Cockpit
Steeplechase Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Steeplechase Fund 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 Steeplechase Fund in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $66K and expenses of $91K.
Revenue and Expenses
Steeplechase Fund reported $66K in revenue and $91K in expenses, a deficit of $24K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 4 strengths are shown from structured and AI review.
Is Steeplechase Fund 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 | $63K (70%) |
Across stored filings, Steeplechase Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Main Street Mobile Treatment Associates Inc | Maryland and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Main Street Mobile Treatment Associates Inc →All Maryland nonprofits
Local and Sector Spokes
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Elkton, MD nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Steeplechase Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Steeplechase Fund
Steeplechase Fund (EIN: 136067724) is a nonprofit organization based in Elkton, MD. The organization reported total revenue of $149K and total assets of $499K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steeplechase Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steeplechase Fund is a small nonprofit that has been operating for 70 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $91K |
| Surplus / Deficit | $-24,173 |
| Total Assets | $399K |
| Total Liabilities | $1 |
| Net Assets | $399K |
| Operating Margin | -36.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 52.9 months |
Financial Health Grade: B
In 2023, Steeplechase Fund reported a deficit of $24K with expenses exceeding revenue, holds 52.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Steeplechase Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.5% | +74.3% | -1.6% |
| 2022 | -45.4% | -4.2% | -0.6% |
| 2021 | +60.3% | -20.3% | +9.7% |
| 2020 | +34.8% | -5.0% | -3.0% |
| 2019 | +10.0% | +8.6% | -20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
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 Steeplechase Fund with a Mission Score of 65 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, Steeplechase Fund 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 deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that compensation is not reported under this specific category, which is a positive indicator for donor confidence regarding executive pay.
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 Steeplechase Fund's IRS 990 filings:
- Frequent operation with expenses exceeding revenue, indicating reliance on reserves.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering efficiency assessment.
- NTEE code is unknown, making it difficult to understand the organization's specific mission and impact area.
Strengths
The following positive indicators were identified for Steeplechase Fund:
- Consistent financial reporting over a decade, indicating transparency.
- Very strong balance sheet with minimal liabilities ($0 or $1 reported consistently).
- Consistent reporting of 0% officer compensation, suggesting volunteer leadership or highly efficient executive cost management.
- Stable asset base, consistently around $400,000 - $500,000, providing financial resilience.
Frequently Asked Questions about Steeplechase Fund
Is Steeplechase Fund a legitimate charity?
Steeplechase Fund (EIN: 136067724) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $149K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Steeplechase Fund spend its money?
Steeplechase Fund directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Steeplechase Fund tax-deductible?
Steeplechase Fund is registered as a tax-exempt nonprofit (EIN: 136067724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Steeplechase Fund's spending goes to programs?
Steeplechase Fund directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Steeplechase Fund located?
Steeplechase Fund is headquartered in Elkton, Maryland and files with the IRS under EIN 136067724.
How many years of IRS 990 filings does Steeplechase Fund have?
Steeplechase Fund has 10 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 $149K in total revenue.
Is Steeplechase Fund a good charity?
Steeplechase Fund exhibits financial stability with consistent assets and minimal liabilities. Its consistent reporting of zero officer compensation is commendable. However, without detailed breakdowns of program, administrative, and fundraising expenses, it's challenging to fully assess its spending efficiency and direct impact. The frequent operation with expenses exceeding revenue suggests reliance on reserves or investment income.
What is the primary mission of Steeplechase Fund?
Based on the provided IRS 990 data, the NTEE code is unknown, which means the specific mission or programmatic focus of Steeplechase Fund cannot be determined from this information alone. Further investigation into their public profile or website would be necessary.
How does Steeplechase Fund manage its expenses relative to its revenue?
Steeplechase Fund frequently incurs expenses that exceed its revenue, as seen in 2023 ($90,597 expenses vs. $66,424 revenue) and 2022 ($51,966 expenses vs. $49,389 revenue). This indicates that the organization often relies on its accumulated assets or investment income to cover operational costs rather than solely on annual contributions.
Filing History
IRS 990 filing history for Steeplechase Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Steeplechase Fund's revenue has grown by 79.9%, moving from $37K to $66K. Total assets decreased by 20.1% over the same period, from $499K to $399K. Total functional expenses rose by 41.7%, from $64K to $91K. In its most recent filing year (2023), Steeplechase Fund reported a deficit of $24K, with expenses exceeding revenue. The organization holds $1 in liabilities against $399K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $399K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $66K | $91K | $399K | $1 | — | View 990 |
| 2022 | $49K | $52K | $406K | $1 | — | View 990 |
| 2021 | $90K | $54K | $408K | $1 | — | — |
| 2020 | $56K | $68K | $372K | $1 | — | — |
| 2019 | $42K | $72K | $384K | $1 | — | View 990 |
| 2015 | $38K | $66K | $481K | $1 | — | View 990 |
| 2014 | $58K | $55K | $509K | $0 | — | View 990 |
| 2013 | $45K | $37K | $506K | $0 | — | View 990 |
| 2012 | $38K | $39K | $498K | $0 | — | View 990 |
| 2011 | $37K | $64K | $499K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $66K, expenses of $91K, and assets of $399K (revenue +34.5% year-over-year).
- 2022: Revenue of $49K, expenses of $52K, and assets of $406K (revenue -45.4% year-over-year).
- 2021: Revenue of $90K, expenses of $54K, and assets of $408K (revenue +60.3% year-over-year).
- 2020: Revenue of $56K, expenses of $68K, and assets of $372K (revenue +34.8% year-over-year).
- 2019: Revenue of $42K, expenses of $72K, and assets of $384K (revenue +10.0% year-over-year).
- 2015: Revenue of $38K, expenses of $66K, and assets of $481K (revenue -34.1% year-over-year).
- 2014: Revenue of $58K, expenses of $55K, and assets of $509K (revenue +27.1% year-over-year).
- 2013: Revenue of $45K, expenses of $37K, and assets of $506K (revenue +21.0% year-over-year).
- 2012: Revenue of $38K, expenses of $39K, and assets of $498K (revenue +1.6% year-over-year).
- 2011: Revenue of $37K, expenses of $64K, and assets of $499K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steeplechase Fund:
Data Sources and Methodology
This transparency report for Steeplechase Fund 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.