Racing For Lives Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 46,318 | 65,510 | −19,192 | -3.5 | — |
| 2021 | 0 | 14,264 | −14,264 | -28.1 | — |
| 2022 | 0 | 124 | −124 | -3249.7 | — |
| 2023 | 0 | 1,800 | −1,800 | -235.9 | — |
In its most recent public year (2023), this organization spent $1,800 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-235.9 months), down from -3.5 in 2020.
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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