Mag 7 Race Team
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 260 | 10,444 | −10,184 | 15.7 | — |
| 2022 | 49,942 | 56,291 | −6,349 | 1.6 | — |
| 2023 | 79,551 | 50,065 | 29,486 | 8.8 | — |
| 2024 | 42,703 | 14,806 | 27,897 | 52.4 | — |
In its most recent public year (2024), this organization brought in $27,897 more than it spent. Its reserves stood at about 52.4 months of spending, up from 15.7 in 2021.
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 2024. 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
Mag 7 Race Team's IRS filings as a feed — one entry per filing year, through 2024. 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