Thoroughbred Horsemens Associations Inc
EIN: 521924509 · Stevenson, MD
| Metric | Value |
|---|---|
| Total Revenue | $180K |
| Total Expenses | $229K |
| Net Assets | $248K |
Is Thoroughbred Horsemens Associations Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thoroughbred Horsemens Associations Inc
Thoroughbred Horsemens Associations Inc (EIN: 521924509) is a nonprofit organization based in Stevenson, MD. The organization reported total revenue of $180K and total assets of $205K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thoroughbred Horsemens Associations Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thoroughbred Horsemens Associations Inc is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $229K |
| Surplus / Deficit | $-66,604 |
| Total Assets | $248K |
| Net Assets | $248K |
| Operating Margin | -41.1% |
| Months of Reserves | 13.0 months |
Financial Health Grade: B
In 2023, Thoroughbred Horsemens Associations Inc reported a deficit of $67K with expenses exceeding revenue, holds 13.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Thoroughbred Horsemens Associations Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.4% | -23.7% | -21.2% |
| 2022 | -6.3% | +1.3% | +34.6% |
| 2021 | -1.8% | -22.3% | +89.7% |
| 2020 | -1.4% | -4.3% | +36.4% |
| 2019 | +19.3% | +5.5% | +31.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thoroughbred Horsemens Associations Inc 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 Thoroughbred Horsemens Associations Inc 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 $67K, with expenses exceeding revenue.
Frequently Asked Questions about Thoroughbred Horsemens Associations Inc
Is Thoroughbred Horsemens Associations Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thoroughbred Horsemens Associations Inc (EIN: 521924509) insufficient data. 0 red flags identified, 0 strengths noted.
How does Thoroughbred Horsemens Associations Inc spend its money?
Detailed spending breakdown data is not yet available for Thoroughbred Horsemens Associations Inc. Check back for updated IRS 990 analysis.
Are donations to Thoroughbred Horsemens Associations Inc tax-deductible?
Thoroughbred Horsemens Associations Inc is registered as a tax-exempt nonprofit (EIN: 521924509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thoroughbred Horsemens Associations Inc located?
Thoroughbred Horsemens Associations Inc is headquartered in Stevenson, Maryland and files with the IRS under EIN 521924509.
How many years of IRS 990 filings does Thoroughbred Horsemens Associations Inc have?
Thoroughbred Horsemens Associations 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 $180K in total revenue.
Filing History
IRS 990 filing history for Thoroughbred Horsemens Associations Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thoroughbred Horsemens Associations Inc's revenue has grown by 7.6%, moving from $151K to $162K. Total assets increased by 618.9% over the same period, from $34K to $248K. Total functional expenses rose by 55.8%, from $147K to $229K. In its most recent filing year (2023), Thoroughbred Horsemens Associations Inc reported a deficit of $67K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $229K | $248K | $0 | — | — |
| 2022 | $380K | $300K | $314K | $0 | — | — |
| 2021 | $406K | $296K | $234K | $0 | — | View 990 |
| 2020 | $414K | $381K | $123K | $0 | — | — |
| 2019 | $419K | $398K | $90K | $0 | — | View 990 |
| 2018 | $352K | $377K | $69K | $0 | — | View 990 |
| 2017 | $340K | $381K | $94K | $0 | — | View 990 |
| 2016 | $413K | $412K | $135K | $0 | — | View 990 |
| 2015 | $400K | $340K | $134K | $0 | — | View 990 |
| 2014 | $198K | $188K | $73K | $0 | — | View 990 |
| 2013 | $196K | $177K | $63K | $0 | — | View 990 |
| 2012 | $182K | $173K | $43K | $0 | — | View 990 |
| 2011 | $151K | $147K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $229K, and assets of $248K (revenue -57.4% year-over-year).
- 2022: Revenue of $380K, expenses of $300K, and assets of $314K (revenue -6.3% year-over-year).
- 2021: Revenue of $406K, expenses of $296K, and assets of $234K (revenue -1.8% year-over-year).
- 2020: Revenue of $414K, expenses of $381K, and assets of $123K (revenue -1.4% year-over-year).
- 2019: Revenue of $419K, expenses of $398K, and assets of $90K (revenue +19.3% year-over-year).
- 2018: Revenue of $352K, expenses of $377K, and assets of $69K (revenue +3.4% year-over-year).
- 2017: Revenue of $340K, expenses of $381K, and assets of $94K (revenue -17.7% year-over-year).
- 2016: Revenue of $413K, expenses of $412K, and assets of $135K (revenue +3.2% year-over-year).
- 2015: Revenue of $400K, expenses of $340K, and assets of $134K (revenue +102.2% year-over-year).
- 2014: Revenue of $198K, expenses of $188K, and assets of $73K (revenue +0.9% year-over-year).
- 2013: Revenue of $196K, expenses of $177K, and assets of $63K (revenue +8.1% year-over-year).
- 2012: Revenue of $182K, expenses of $173K, and assets of $43K (revenue +20.6% year-over-year).
- 2011: Revenue of $151K, expenses of $147K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thoroughbred Horsemens Associations Inc:
Data Sources and Methodology
This transparency report for Thoroughbred Horsemens Associations 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.