Joyful Horse Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 59,719 | 51,479 | 8,240 | 4.2 | 0% |
| 2015 | 66,331 | 56,790 | 9,541 | 5.8 | 0% |
| 2016 | 124,744 | 105,222 | 19,522 | 5.4 | 0% |
| 2017 | 206,011 | 244,297 | −38,286 | 0.4 | 25% |
| 2018 | 260,215 | 256,233 | 3,982 | 0.6 | 56% |
| 2019 | 331,416 | 314,449 | 16,967 | 1.1 | 55% |
| 2020 | 296,527 | 324,115 | −27,588 | 0.1 | 56% |
| 2021 | 547,053 | 328,172 | 218,881 | 8.1 | 64% |
| 2022 | 257,843 | 263,209 | −5,366 | 9.8 | 68% |
| 2023 | 248,799 | 277,511 | −28,712 | 8.6 | 62% |
In its most recent public year (2023), this organization spent $28,712 more than it brought in. Its reserves stood at about 8.6 months of spending, up from 4.2 in 2014. Staff pay was 62% 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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