Middleburg Spring Race Assoc Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 293,548 | 261,724 | 31,824 | 13.1 | 4% |
| 2012 | 250,408 | 241,688 | 8,720 | 14.7 | 4% |
| 2013 | 343,852 | 298,605 | 45,247 | 13.6 | 5% |
| 2014 | 447,885 | 307,286 | 140,599 | 18.8 | 7% |
| 2015 | 459,030 | 332,531 | 126,499 | 21.1 | 6% |
| 2016 | 393,514 | 356,996 | 36,518 | 21.0 | 6% |
| 2017 | 465,342 | 326,046 | 139,296 | 29.0 | 6% |
| 2018 | 592,065 | 370,476 | 221,589 | 34.3 | 5% |
| 2019 | 582,261 | 421,341 | 160,920 | 36.7 | 7% |
| 2020 | 702,045 | 317,480 | 384,565 | 65.2 | 9% |
| 2021 | 360,617 | 420,148 | −59,531 | 54.1 | 7% |
| 2022 | 686,163 | 433,370 | 252,793 | 55.1 | 10% |
| 2023 | 774,360 | 499,866 | 274,494 | 57.4 | 8% |
| 2024 | 750,316 | 516,094 | 234,222 | 65.6 | 7% |
In its most recent public year (2024), this organization brought in $234,222 more than it spent. Its reserves stood at about 65.6 months of spending, up from 13.1 in 2011. Staff pay was 7% of spending. $1,957,810 of its net assets are donor-restricted.
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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