Magnolia Manor Of St Simons Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 11,988,494 | 11,822,268 | 166,226 | -2.4 | 38% |
| 2021 | 9,436,094 | 10,364,390 | −928,296 | -2.5 | 35% |
| 2022 | 8,620,276 | 9,737,084 | −1,116,808 | -2.6 | 35% |
| 2023 | 7,683,735 | 10,296,748 | −2,613,013 | -2.8 | 35% |
In its most recent public year (2023), this organization spent $2,613,013 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.8 months). Staff pay was 35% 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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