Pittsburgh Urban Magnet Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 760,669 | 758,621 | 2,048 | 1.8 | 16% |
| 2012 | 795,280 | 800,589 | −5,309 | 0.8 | 19% |
| 2013 | 961,128 | 952,027 | 9,101 | 0.8 | 22% |
| 2014 | 1,023,986 | 1,062,139 | −38,153 | 0.2 | 8% |
| 2015 | 1,190,431 | 1,132,790 | 57,641 | 0.8 | 7% |
| 2016 | 1,234,767 | 1,274,220 | −39,453 | 0.4 | 26% |
| 2017 | 1,174,394 | 1,226,156 | −51,762 | -0.1 | 26% |
| 2018 | 1,363,775 | 1,365,866 | −2,091 | -0.1 | 26% |
| 2019 | 1,206,945 | 1,224,845 | −17,900 | -0.2 | 29% |
| 2020 | 320,708 | 507,451 | −186,743 | -2.4 | 47% |
| 2021 | 945,829 | 688,925 | 256,904 | 1.9 | 40% |
| 2022 | 962,891 | 990,489 | −27,598 | 1.0 | 35% |
| 2023 | 966,470 | 951,344 | 15,126 | 1.2 | 30% |
In its most recent public year (2023), this organization brought in $15,126 more than it spent. Its reserves stood at about 1.2 months of spending. Staff pay was 30% of spending. $37,500 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
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