Magellan Education Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 664,538 | 447,142 | 217,396 | 46.5 | 0% |
| 2012 | 565,532 | 394,474 | 171,058 | 57.9 | 0% |
| 2013 | 501,819 | 447,003 | 54,816 | 52.6 | 0% |
| 2014 | 477,108 | 370,519 | 106,589 | 66.9 | 0% |
| 2015 | 514,980 | 598,771 | −83,791 | 39.7 | 0% |
| 2016 | 526,760 | 303,970 | 222,790 | 87.0 | 0% |
| 2017 | 459,287 | 300,314 | 158,973 | 94.4 | 0% |
| 2018 | 408,857 | 288,261 | 120,596 | 103.4 | 0% |
| 2019 | 460,738 | 260,097 | 200,641 | 123.9 | 0% |
| 2020 | 465,564 | 326,451 | 139,113 | 103.8 | 0% |
| 2021 | 429,134 | 326,259 | 102,875 | 107.7 | 0% |
| 2022 | 323,820 | 361,725 | −37,905 | 95.8 | 0% |
| 2023 | 365,340 | 331,248 | 34,092 | 105.9 | 0% |
In its most recent public year (2023), this organization brought in $34,092 more than it spent. Its reserves stood at about 105.9 months of spending, up from 46.5 in 2011. Staff pay was 0% 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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