Magnificat Institute Of Sacred Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 184,157 | 151,000 | 33,157 | 5.9 | — |
| 2022 | 187,252 | 223,462 | −36,210 | 2.0 | — |
| 2023 | 175,581 | 219,888 | −44,307 | -0.4 | — |
| 2024 | 99,123 | 65,702 | 33,421 | 4.9 | — |
In its most recent public year (2024), this organization brought in $33,421 more than it spent. Its reserves stood at about 4.9 months 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 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
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