Overview
What is Race Fund Inc?
Race Fund Inc is a Harrisburg, Pennsylvania-based nonprofit organization dedicated to finding good homes for retired race horses and providing sanctuary care for unadoptable ones. In 2022, they saved 53 horses from slaughter and currently foster 18. The mission of Race Fund Inc extends beyond adoption, as they also focus on raising awareness and advocating for the well-being of race horses after their racing careers.
Official website here: www.racefund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
RACE Fund Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health, with a notable score of 93% in these areas. The organization boasts a fully independent board and a high program expense ratio of 94.65%, indicating that the majority of funds are directed towards their mission of rescuing and rehabilitating thoroughbreds. However, they lack certain policies such as a whistleblower policy and document retention guidelines, which could be areas for improvement.
User feedback on platforms such as Great Nonprofits is overwhelmingly positive, with numerous reviews highlighting the organization's compassionate approach to rescuing retired racehorses from dire circumstances. Many reviewers praise the dedication of the volunteers, the quality of care provided to the horses, and the organization’s commitment to ensuring the well-being of these animals. RACE Fund is recognized for its effectiveness in finding homes for horses and for following up with adopters to ensure ongoing support.
While the strengths of RACE Fund Inc are clear, the aforementioned policy gaps may detract from its overall operational transparency. Despite this, the organization’s passionate focus on horse welfare and its successful track record of saving thoroughbreds from the slaughter pipeline resonate strongly with supporters and the community at large.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Race Fund Inc?
100% of 7 reviewers on Facebook recommend Race Fund Inc. Here is a summary of their reviews:
Supporters praise the organization for its exceptional commitment to the well-being of thoroughbred horses. Many highlight the nonprofit’s dedication and the impressive care it provides, indicating that the organization prioritizes the needs of the animals above all else.
Overall, the sentiment surrounding Race Fund Inc is overwhelmingly positive, with users expressing satisfaction and appreciation for the nonprofit’s mission and its efforts in ensuring the welfare of horses.
This AI summary has been generated from reviews found on Facebook.
Is Race Fund Inc legitimate?
Race Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Race Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.racefund.org
What is the mission statement of Race Fund Inc?
Race Fund Inc is committed to helping retired race horses find good homes and providing sanctuary for those that are not adoptable. The organization actively works towards saving horses from slaughter and assists in adoption processes. Through its efforts, Race Fund Inc fosters and cares for 18 horses and managed to save 53 horses from being slaughtered in 2022. In summary, the non-profit organization dedicates itself to securing new homes for retiring race horses and ensuring a safe haven for those that cannot be adopted.
Official website here: www.racefund.org
What is the revenue of Race Fund Inc?
Race Fund Inc's revenue in 2024 was $211,692.
Official website here: www.racefund.org
Who are the executives of Race Fund Inc and what are their salaries?
There 7 volunteers at Race Fund Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.racefund.org
Where can I find the form 990 for Race Fund Inc?
Race Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.racefund.org
Learn more at the official website: www.racefund.org
Mission Statement of Race Fund Inc
Race Fund Inc, a dedicated organization, works tirelessly to ensure a bright future for retired race horses. With a mission to provide good homes and sanctuary care, the nonprofit goes above and beyond for horses that are not adoptable. By saving horses from the threat of slaughter, Race Fund Inc plays a vital role in promoting adoption and raising awareness about these gentle animals.
The mission of Race Fund Inc is twofold: first, it focuses on finding suitable homes for retiring race horses. These animals, once their racing careers come to an end, deserve a peaceful retirement where they can live out their days in comfort and dignity. Race Fund Inc steps in to facilitate this transition, connecting horses with loving owners who can provide a forever home.
Secondly, the organization offers sanctuary care for those horses that are unable to be adopted. These horses, often due to health or age issues, require special care and attention. Race Fund Inc's team is committed to providing them with a safe and nurturing environment, allowing them to live out their lives with dignity and respect. In 2022 alone, this compassionate organization managed to save 53 horses from the threat of slaughter and is currently fostering care for 18 such horses.
Race Fund Inc's unwavering commitment to the welfare of race horses is a shining example of selflessness and compassion. Their tireless efforts to ensure these animals find a good home after retirement and receive the care they deserve is a testament to their dedication and love for these creatures.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Race Fund Inc significantly impacts the lives of retired racehorses by ensuring they find compassionate and suitable homes after their racing careers end. The organization plays a crucial role in preventing these horses from facing dire situations, such as slaughter, by providing opportunities for adoption and fostering awareness about the need for responsible horse retirement.
In 2022 alone, Race Fund Inc saved 53 horses from slaughter, showcasing its commitment to equine welfare. Additionally, it offers sanctuary care for 18 horses that are not adoptable, ensuring that every horse is given a safe and nurturing environment. By engaging in education and adoption efforts, Race Fund Inc helps to raise awareness about the importance of caring for these animals throughout their lives, advocating for responsible ownership and highlighting the emotional and physical needs of retired racehorses. Their work not only changes the lives of the horses they save but also enriches the lives of those who adopt or care for these magnificent animals.
This information is meant to be a general summary of Race Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $25
- Gross Receipts: $211,692
Assets and Liabilities:
- Total Assets: $160,435
- Total Liabilities: $0
- Net Assets: $160,435
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2003
Principal Officer
Marlene Murray
Website
www.racefund.orgNTEE Category
Code: D20 - Animals
If you are a representative of Race Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.