Forgotten Angels Equine Rescue
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 78,432 | 78,262 | 170 | -1.5 | — |
| 2021 | 58,601 | 57,139 | 1,462 | -1.7 | — |
| 2022 | 41,190 | 57,545 | −16,355 | -5.1 | — |
| 2023 | 31,797 | 46,910 | −15,113 | -3.9 | — |
In its most recent public year (2023), this organization spent $15,113 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.9 months), down from -1.5 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 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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