Magnificat Houses Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,499,423 | 1,205,167 | 294,256 | 37.2 | 22% |
| 2012 | 1,705,840 | 1,311,801 | 394,039 | 37.8 | 26% |
| 2013 | 1,263,422 | 1,332,920 | −69,498 | 36.6 | 22% |
| 2014 | 1,948,231 | 1,616,978 | 331,253 | 32.6 | 26% |
| 2015 | 2,571,020 | 2,239,806 | 331,214 | 25.3 | 35% |
| 2016 | 1,957,244 | 2,064,353 | −107,109 | 26.9 | 36% |
| 2017 | 2,412,836 | 2,269,085 | 143,751 | 25.2 | 32% |
| 2018 | 2,741,143 | 2,130,324 | 610,819 | 30.3 | 29% |
| 2019 | 3,305,759 | 3,440,022 | −134,263 | 18.3 | 16% |
| 2020 | 2,120,337 | 2,506,240 | −385,903 | 23.2 | 28% |
| 2021 | 2,542,729 | 2,535,106 | 7,623 | 23.2 | 29% |
| 2022 | 2,431,488 | 2,879,433 | −447,945 | 18.3 | 29% |
| 2023 | 3,031,079 | 4,707,588 | −1,676,509 | 7.2 | 21% |
In its most recent public year (2023), this organization spent $1,676,509 more than it brought in. Its reserves stood at about 7.2 months of spending, down from 37.2 in 2011. Staff pay was 21% of spending. $10,000 of its net assets are donor-restricted.
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
Magnificat Houses Inc's IRS filings as a feed — one entry per filing year, through 2023. 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