Racing For Recovery
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,475,633 | 2,789,129 | 686,504 | 4.5 | 31% |
| 2021 | 4,695,442 | 3,347,438 | 1,348,004 | 8.6 | 28% |
| 2022 | 3,180,630 | 3,947,819 | −767,189 | 5.3 | 27% |
| 2023 | 4,886,134 | 3,974,970 | 911,164 | 8.0 | 31% |
In its most recent public year (2023), this organization brought in $911,164 more than it spent. Its reserves stood at about 8 months of spending, up from 4.5 in 2020. Staff pay was 31% of spending.
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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