Philly Races Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 1,913,784 | 1,482,434 | 431,350 | 3.5 | 0% |
| 2016 | 2,187,958 | 2,249,784 | −61,826 | 2.0 | 0% |
| 2017 | 2,585,529 | 2,503,823 | 81,706 | 3.3 | 0% |
| 2018 | 2,896,336 | 2,912,651 | −16,315 | 2.8 | 0% |
| 2019 | 3,322,858 | 3,359,238 | −36,380 | 2.3 | 0% |
| 2020 | 3,124,594 | 2,357,550 | 767,044 | 7.2 | 0% |
| 2021 | 1,813,595 | 1,834,580 | −20,985 | 9.1 | 0% |
| 2022 | 2,504,992 | 2,481,417 | 23,575 | 6.8 | 0% |
| 2023 | 3,262,623 | 2,463,960 | 798,663 | 10.8 | 0% |
In its most recent public year (2023), this organization brought in $798,663 more than it spent. Its reserves stood at about 10.8 months of spending, up from 3.5 in 2015. 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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