Quarter Horse Racing Association Of Indiana Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,024,190 | 1,000,560 | 23,630 | 1.8 | 4% |
| 2021 | 1,136,886 | 1,086,669 | 50,217 | 2.2 | 4% |
| 2022 | 1,361,553 | 1,310,588 | 50,965 | 2.3 | 3% |
| 2023 | 1,356,291 | 1,298,850 | 57,441 | 2.8 | 1% |
In its most recent public year (2023), this organization brought in $57,441 more than it spent. Its reserves stood at about 2.8 months of spending. Staff pay was 1% 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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