Thoroughbred Breeders Association Of New Jersey

Thoroughbred Breeders Association Of New Jersey faces recent operating deficits despite consistent revenue, with no reported officer compensation.

EIN: 216001631 · W Long Branch, NJ · Updated: 2026-03-28

$1.6MRevenue

$443KAssets

75/100Mission Score (Good)

Is Thoroughbred Breeders Association Of New Jersey Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Thoroughbred Breeders Association Of New Jersey directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Thoroughbred Breeders Association Of New Jersey

Thoroughbred Breeders Association Of New Jersey (EIN: 216001631) is a nonprofit organization based in W Long Branch, NJ. The organization reported total revenue of $1.6M and total assets of $443K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thoroughbred Breeders Association Of New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Thoroughbred Breeders Association Of New Jersey demonstrates consistent revenue generation, averaging around $1.8 million annually over the past decade. However, recent filings show a trend of expenses exceeding revenue, with 2023 expenses at $1,926,056 against revenues of $1,619,258, and 2022 expenses at $1,989,298 against revenues of $1,881,048. This indicates a potential reliance on reserves or other funding sources to cover operational costs in recent years. The organization's assets have fluctuated, reaching a high of $1,227,654 in 2021 but declining to $1,124,448 in 2023, while liabilities have shown some volatility, peaking at $677,473 in 2018 and standing at $367,404 in 2023. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that officers are not compensated directly by the organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Thoroughbred Breeders Association Of New Jersey 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: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Thoroughbred Breeders Association Of New Jersey allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through other means not reported as direct officer compensation on the 990, which is a positive sign for resource allocation to mission-related activities.

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 Thoroughbred Breeders Association Of New Jersey's IRS 990 filings:

Consistent operating deficits in recent years (e.g., 2023 and 2022)
Declining asset base from 2021 to 2023 ($1,227,654 to $1,124,448)

Strengths

The following positive indicators were identified for Thoroughbred Breeders Association Of New Jersey:

Consistent revenue generation over a decade (averaging ~$1.8M)
No reported officer compensation, indicating efficient use of funds for leadership or alternative compensation structures
Maintained a substantial asset base, providing some financial resilience

Frequently Asked Questions about Thoroughbred Breeders Association Of New Jersey

Is Thoroughbred Breeders Association Of New Jersey a legitimate charity?

Based on AI analysis of IRS 990 filings, Thoroughbred Breeders Association Of New Jersey (EIN: 216001631) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

How does Thoroughbred Breeders Association Of New Jersey spend its money?

Thoroughbred Breeders Association Of New Jersey directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Thoroughbred Breeders Association Of New Jersey tax-deductible?

Thoroughbred Breeders Association Of New Jersey is registered as a tax-exempt nonprofit (EIN: 216001631). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Thoroughbred Breeders Association Of New Jersey financially stable given recent operating deficits?

While the organization has consistently generated substantial revenue, the recent trend of expenses exceeding revenue (e.g., $1,926,056 in expenses vs. $1,619,258 in revenue in 2023) suggests a potential strain on financial stability. However, their asset base of $1,124,448 in 2023 provides some buffer.

What is the reason for the fluctuation in assets and liabilities?

Assets have fluctuated from a low of $442,999 (latest revenue data provided) to a high of $1,227,654 in 2021, and liabilities have varied significantly, from $55,562 in 2021 to $677,473 in 2018. Without detailed financial statements, the specific reasons for these fluctuations are unclear but could relate to capital investments, debt management, or timing of receipts and disbursements.

How does the organization cover its operating deficits?

In years where expenses exceed revenue, such as 2023 ($306,800 deficit) and 2022 ($108,250 deficit), the organization would likely draw from its accumulated net assets or other non-operating income sources to cover the shortfall.

Filing History

IRS 990 filing history for Thoroughbred Breeders Association Of New Jersey showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Thoroughbred Breeders Association Of New Jersey's revenue has declined by 39.9%, moving from $2.7M to $1.6M. Total assets decreased by 35% over the same period, from $1.7M to $1.1M. Total functional expenses fell by 44.4%, from $3.5M to $1.9M. In its most recent filing year (2023), Thoroughbred Breeders Association Of New Jersey reported a deficit of $307K, with expenses exceeding revenue. The organization holds $367K in liabilities against $1.1M in assets (debt-to-asset ratio: 32.7%), resulting in net assets of $757K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.6M	$1.9M	$1.1M	$367K	—	—
2022	$1.9M	$2.0M	$1.2M	$97K	—	View 990
2021	$1.7M	$1.6M	$1.2M	$56K	—	View 990
2020	$1.8M	$1.5M	$1.2M	$215K	—	View 990
2019	$1.6M	$1.3M	$732K	$61K	—	View 990
2018	$1.9M	$1.8M	$963K	$677K	—	View 990
2017	$2.0M	$1.9M	$831K	$639K	—	View 990
2016	$2.2M	$2.2M	$692K	$517K	—	View 990
2015	$2.0M	$2.0M	$800K	$630K	—	View 990
2014	$2.2M	$1.8M	$776K	$608K	—	View 990
2013	$2.1M	$1.9M	$703K	$919K	—	View 990
2012	$2.0M	$1.5M	$1.1M	$1.5M	—	View 990
2011	$2.7M	$3.5M	$1.7M	$2.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.6M, expenses of $1.9M, and assets of $1.1M (revenue -13.9% year-over-year).
2022: Revenue of $1.9M, expenses of $2.0M, and assets of $1.2M (revenue +7.5% year-over-year).
2021: Revenue of $1.7M, expenses of $1.6M, and assets of $1.2M (revenue -5.4% year-over-year).
2020: Revenue of $1.8M, expenses of $1.5M, and assets of $1.2M (revenue +12.6% year-over-year).
2019: Revenue of $1.6M, expenses of $1.3M, and assets of $732K (revenue -15.2% year-over-year).
2018: Revenue of $1.9M, expenses of $1.8M, and assets of $963K (revenue -1.5% year-over-year).
2017: Revenue of $2.0M, expenses of $1.9M, and assets of $831K (revenue -8.7% year-over-year).
2016: Revenue of $2.2M, expenses of $2.2M, and assets of $692K (revenue +9.2% year-over-year).
2015: Revenue of $2.0M, expenses of $2.0M, and assets of $800K (revenue -9.6% year-over-year).
2014: Revenue of $2.2M, expenses of $1.8M, and assets of $776K (revenue +1.6% year-over-year).
2013: Revenue of $2.1M, expenses of $1.9M, and assets of $703K (revenue +5.9% year-over-year).
2012: Revenue of $2.0M, expenses of $1.5M, and assets of $1.1M (revenue -24.7% year-over-year).
2011: Revenue of $2.7M, expenses of $3.5M, and assets of $1.7M.

Data Sources and Methodology

This transparency report for Thoroughbred Breeders Association Of New Jersey 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.