Racing For Kids
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 288,345 | 357,299 | −68,954 | 2.1 | 21% |
| 2012 | 417,225 | 284,103 | 133,122 | 8.2 | 22% |
| 2013 | 403,220 | 350,541 | 52,679 | 8.5 | 32% |
| 2014 | 398,365 | 395,953 | 2,412 | 7.6 | 36% |
| 2015 | 294,465 | 432,364 | −137,899 | 3.1 | 33% |
| 2016 | 421,946 | 426,381 | −4,435 | 3.0 | 32% |
| 2017 | 389,997 | 421,591 | −31,594 | 2.2 | 18% |
| 2018 | 391,686 | 407,733 | −16,047 | 1.8 | 17% |
| 2019 | 455,144 | 423,231 | 31,913 | 2.6 | 18% |
| 2020 | 220,496 | 218,817 | 1,679 | 5.1 | 27% |
| 2021 | 396,305 | 333,724 | 62,581 | 5.6 | 10% |
| 2022 | 437,286 | 391,844 | 45,442 | 6.2 | 9% |
| 2023 | 249,174 | 289,894 | −40,720 | 6.7 | 5% |
In its most recent public year (2023), this organization spent $40,720 more than it brought in. Its reserves stood at about 6.7 months of spending, up from 2.1 in 2011. Staff pay was 5% 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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