Bright Magpie Charitable Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 47,702 | 59,003 | −11,301 | 79.1 | — |
| 2021 | 57,728 | 88,226 | −30,498 | 49.1 | — |
| 2022 | 39,524 | 33,559 | 5,965 | 126.1 | — |
| 2023 | 47,474 | 53,206 | −5,732 | 80.1 | — |
In its most recent public year (2023), this organization spent $5,732 more than it brought in. Its reserves stood at about 80.1 months 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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