Maryland Horse Breeders Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,317,478 | 1,164,196 | 153,282 | 3.7 | 33% |
| 2012 | 1,436,951 | 1,274,089 | 162,862 | 4.9 | 29% |
| 2013 | 1,713,135 | 1,331,704 | 381,431 | 8.1 | 30% |
| 2014 | 1,780,078 | 1,547,977 | 232,101 | 8.8 | 30% |
| 2015 | 1,745,567 | 1,674,142 | 71,425 | 8.7 | 29% |
| 2016 | 1,891,739 | 1,867,257 | 24,482 | 7.9 | 26% |
| 2017 | 1,974,743 | 1,848,972 | 125,771 | 8.8 | 25% |
| 2018 | 2,125,882 | 1,929,927 | 195,955 | 9.7 | 23% |
| 2019 | 2,168,496 | 2,013,202 | 155,294 | 10.2 | 25% |
| 2020 | 2,144,535 | 2,056,381 | 88,154 | 10.0 | 27% |
| 2021 | 1,634,574 | 1,629,752 | 4,822 | 13.8 | 33% |
| 2022 | 2,240,057 | 1,800,963 | 439,094 | 15.2 | 33% |
| 2023 | 2,173,917 | 1,900,614 | 273,303 | 15.8 | 33% |
| 2024 | 2,189,510 | 1,954,708 | 234,802 | 17.4 | 34% |
In its most recent public year (2024), this organization brought in $234,802 more than it spent. Its reserves stood at about 17.4 months of spending, up from 3.7 in 2011. Staff pay was 34% 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 2024. 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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