American Saddlebred Legacy Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 181,967 | 240,929 | −58,962 | -2.4 | 1% |
| 2021 | 179,097 | 268,289 | −89,192 | -6.1 | 0% |
| 2022 | 234,327 | 274,798 | −40,471 | -7.8 | 0% |
In its most recent public year (2022), this organization spent $40,471 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.8 months), down from -2.4 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 2022. 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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