Bluegrass Steeplechase Estates Inc

Analysis

Bluegrass Steeplechase Estates Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bluegrass Steeplechase Estates Inc reported income of $88k and spending of $155k, spending 175% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $82k to $88k (+8.3%), an average of +1.6% a year. Over the whole period it spent 161% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bluegrass Steeplechase Estates Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within KY. Charities of a similar size with the same main cause include United Churches of Galena Inc ($88k), Santa Clarita Coalition ($88k) and Warm a Heart Give a Bed ($88k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $1.4m against liabilities of $1.9m, net assets of -$536k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.