Gulfstream Park Thoroughbred After Racing Program Inc

Analysis

Gulfstream Park Thoroughbred After Racing Program Inc is a registered charity in United States, based in Aventura, FL. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, Gulfstream Park Thoroughbred After Racing Program Inc reported income of $478k and spending of $478k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $4.4m to $478k (-89%), an average of -36% a year. The sharpest change came in the year to December 2021, when income rose by 230%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gulfstream Park Thoroughbred After Racing Program Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Family Support Network of Central Carolina ($478k), Couples a Marriage Ministry ($478k) and People Empowered and Communities Enhanced ($478k).

At year end it held assets of $29k against liabilities of $0, net assets of $29k.