Fifty Plus Racing Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 9,181 | 5,378 | 3,803 | 70.7 | 0% |
| 2021 | −1,326,139 | 46,743 | −1,372,882 | -344.1 | 0% |
| 2022 | 429,786 | 251,406 | 178,380 | -55.5 | 0% |
| 2023 | 97,330 | 262,697 | −165,367 | -60.6 | 0% |
In its most recent public year (2023), this organization spent $165,367 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-60.6 months), down from 70.7 in 2020. Staff pay was 0% 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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