Air Race Classic Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 89,857 | 74,373 | 15,484 | 13.0 | — |
| 2012 | 84,299 | 66,653 | 17,646 | 17.7 | — |
| 2013 | 80,684 | 74,236 | 6,448 | 17.0 | — |
| 2014 | 94,635 | 64,430 | 30,205 | 25.3 | — |
| 2015 | 113,830 | 76,650 | 37,180 | 27.1 | — |
| 2016 | 165,551 | 143,740 | 21,811 | 16.2 | — |
| 2017 | 131,171 | 120,717 | 10,454 | 20.4 | — |
| 2018 | 114,209 | 77,661 | 36,548 | 37.3 | — |
| 2019 | 102,369 | 114,736 | −12,367 | 24.0 | — |
| 2020 | 31,440 | 50,616 | −19,176 | 49.8 | — |
| 2021 | 55,899 | 31,043 | 24,856 | 90.8 | — |
| 2022 | 118,600 | 99,557 | 19,043 | 30.6 | 0% |
| 2023 | 131,214 | 124,692 | 6,522 | 25.4 | 0% |
In its most recent public year (2023), this organization brought in $6,522 more than it spent. Its reserves stood at about 25.4 months of spending, up from 13 in 2011. Staff pay was 0% of spending. $75,290 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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