Ledyard Farm Equine Education Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,900 | 11,558 | −5,658 | -24.6 | — |
| 2021 | 2,898 | 4,108 | −1,210 | -72.7 | — |
| 2022 | 2,778 | 3,129 | −351 | -96.8 | — |
In its most recent public year (2022), this organization spent $351 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-96.8 months), down from -24.6 in 2020.
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 2022. 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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