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Maryland · Nonprofit
AFTER THE RACES INC (Maryland) is funded by 15 grantmakers whose IRS filings report $792,372 in grants to it, the largest being Thoroughbred Aftercare Alliance Foundation Inc ($305,000). 8 of them have funded it in more than one year.
Against its field
AFTER THE RACES INC runs a healthier operating margin than half of the 1,308 animals nonprofits its size.
this organization peer median middle 50% of peers· 1,308 animals nonprofits $100k–$1M, FY2025
Revenue, expenses and net assets — each indexed to 100 at its first filing year, so you read the trajectory, not the magnitude. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
The funding model — what share of revenue comes from contributions, programs, investments and other sources — and whether it's shifting.
60% of AFTER THE RACES INC’s revenue is contributions — about as donation-reliant as the typical peer (81% for the typical peer).
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
The base broadened — 1 funders to 10 as grant income moved $20k → $280k.
3 of 15 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 7% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of AFTER THE RACES INC’s funders (the co-funder graph). Top 14 of 15 funders by total. Association, not causation.
AFTER THE RACES INC leans on a few funders — its largest provides 38% of grant income and the top three 77%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2017 100% · 2018 82% · 2019 68% · 2020 38% · 2021 37% · 2022 40% · 2023 41% · 2024 32% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration.
86% of AFTER THE RACES INC's funders are still giving 3 years after their first grant; 53% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year.
AFTER THE RACES INC draws 97% of its grant income from funders outside Maryland — its reputation reaches beyond the state, across 9 states in all.
In-state vs out-of-state, by year
Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 15 funders put you typical among the 400 organizations that share them.
From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.
Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.
Read directly from this organization’s own Form 990, as neutral context.
80% of spending goes to programs.
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Operates in 1 state
Every figure is read directly from IRS Form 990 / 990-PF e-file XML — this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 15funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. view filing