Magellan Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 104,699 | 138,217 | −33,518 | 24.3 | — |
| 2013 | 179,426 | 161,320 | 18,106 | 22.1 | — |
| 2014 | 82,854 | 121,338 | −38,484 | 19.8 | — |
| 2015 | 107,716 | 101,259 | 6,457 | 24.5 | — |
| 2016 | 196,585 | 230,857 | −34,272 | 9.0 | — |
| 2017 | 259,931 | 275,367 | −15,436 | 6.8 | 22% |
| 2018 | 159,735 | 96,312 | 63,423 | 27.5 | 17% |
| 2019 | 66,505 | 63,880 | 2,625 | 41.9 | 34% |
| 2020 | 25,889 | 33,875 | −7,986 | 65.0 | 39% |
| 2021 | 15,526 | 31,203 | −15,677 | 64.5 | 42% |
| 2022 | 97,531 | 55,579 | 41,952 | 45.3 | 24% |
| 2023 | 55,553 | 49,976 | 5,577 | 51.7 | 27% |
In its most recent public year (2023), this organization brought in $5,577 more than it spent. Its reserves stood at about 51.7 months of spending, up from 24.3 in 2012. Staff pay was 27% 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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