Magnolia Library Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 34,823 | 26,655 | 8,168 | 55.7 | — |
| 2012 | 45,217 | 26,397 | 18,820 | 64.8 | — |
| 2013 | 35,319 | 34,071 | 1,248 | 50.7 | — |
| 2015 | 47,196 | 29,876 | 17,320 | 67.2 | — |
| 2016 | 90,110 | 103,035 | −12,925 | 18.0 | — |
| 2017 | 74,689 | 63,378 | 11,311 | 31.4 | — |
| 2018 | 39,789 | 36,499 | 3,290 | 55.6 | — |
| 2019 | 41,325 | 43,964 | −2,639 | 45.4 | — |
| 2020 | 20,674 | 48,817 | −28,143 | 34.0 | — |
| 2021 | 129,770 | 47,863 | 81,907 | 27.7 | — |
| 2022 | 170,940 | 79,399 | 91,541 | 33.9 | — |
| 2023 | 161,636 | 76,829 | 84,807 | 48.3 | — |
In its most recent public year (2023), this organization brought in $84,807 more than it spent. Its reserves stood at about 48.3 months of spending, down from 55.7 in 2011.
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
Magnolia Library Center 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