West Virginia Racing Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 387,400 | 226,101 | 161,299 | 9.3 | — |
| 2012 | 226,900 | 214,076 | 12,824 | 3.5 | 61% |
| 2013 | 243,200 | 219,016 | 24,184 | 4.7 | 59% |
| 2014 | 164,595 | 210,067 | −45,472 | 5.3 | 69% |
| 2015 | 197,500 | 221,427 | −23,927 | 3.8 | 59% |
| 2016 | 157,500 | 185,310 | −27,810 | 2.7 | 76% |
| 2017 | 369,605 | 329,572 | 40,033 | 3.0 | 42% |
| 2018 | 220,000 | 298,156 | −78,156 | 0.2 | 45% |
| 2019 | 208,401 | 242,505 | −34,104 | -1.5 | 54% |
| 2020 | 203,000 | 229,012 | −26,012 | -3.0 | 68% |
| 2023 | 407,500 | 356,082 | 51,418 | -0.4 | 45% |
In its most recent public year (2023), this organization brought in $51,418 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), down from 9.3 in 2011. Staff pay was 45% 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
West Virginia Racing Association's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works