New Beginnings Thoroughbreds
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 54,679 | 49,184 | 5,495 | 4.5 | — |
| 2021 | 43,094 | 45,561 | −2,467 | 4.2 | — |
| 2022 | 47,705 | 50,901 | −3,196 | 3.0 | — |
| 2023 | 57,455 | 58,861 | −1,406 | 2.3 | — |
In its most recent public year (2023), this organization spent $1,406 more than it brought in. Its reserves stood at about 2.3 months of spending, down from 4.5 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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