New Mexico Horsemens Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 298,338 | 597,500 | −299,162 | 58.4 | 35% |
| 2021 | 46,287 | 554,358 | −508,071 | 51.9 | 38% |
| 2022 | 19,546 | 596,343 | −576,797 | 36.7 | 35% |
| 2023 | 49,751 | 221,592 | −171,841 | 89.3 | 41% |
In its most recent public year (2023), this organization spent $171,841 more than it brought in. Its reserves stood at about 89.3 months of spending, up from 58.4 in 2020. Staff pay was 41% 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
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