What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
At approximately 7:50 p.m. EDT on 10/11/2022 the above aircraft overran rwy 21. The overrun occurred as the PIC (CFI) and student pilot performed a takeoff from rwy 21. At around 300 feet they experienced a sudden "jolt" and engine power dropped to 50% and subsequently down to 35%. The PIC elected to attempt to land on the remaining runway. The touched down with about 200 feet of runway left and were unable to stop before departed the end of rwy 21. Aircraft suffered only a flight RH main tire from excessive braking on the attempted stop. This incident was investigated iaw FAA order 8900.1, volume 7, chapter 1, section 2.
As the FAA filed it
AT APPROXIMATELY 7:50 P.M. EDT ON 10/11/2022 THE ABOVE AIRCRAFT OVERRAN RWY 21. THE OVERRUN OCCURRED AS THE PIC (CFI) AND STUDENT PILOT PERFORMED A TAKEOFF FROM RWY 21. AT AROUND 300 FEET THEY EXPERIENCED A SUDDEN "JOLT" AND ENGINE POWER DROPPED TO 50% AND SUBSEQUENTLY DOWN TO 35%. THE PIC ELECTED TO ATTEMPT TO LAND ON THE REMAINING RUNWAY. THE TOUCHED DOWN WITH ABOUT 200 FEET OF RUNWAY LEFT AND WERE UNABLE TO STOP BEFORE DEPARTED THE END OF RWY 21. AIRCRAFT SUFFERED ONLY A FLIGHT RH MAIN TIRE FROM EXCESSIVE BRAKING ON THE ATTEMPTED STOP. THIS INCIDENT WAS INVESTIGATED IAW FAA ORDER 8900.1, VOLUME 7, CHAPTER 1, SECTION 2.