Academic Magnet Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 71,404 | 5,552 | 65,852 | 142.3 | — |
| 2014 | 52,527 | 13,678 | 38,849 | 91.9 | — |
| 2015 | 20,116 | 27,729 | −7,613 | 42.0 | — |
| 2016 | 30,577 | 16,895 | 13,682 | 78.7 | — |
| 2017 | 35,764 | 17,284 | 18,480 | 89.7 | — |
| 2018 | 41,706 | 37,907 | 3,799 | 42.1 | — |
| 2019 | 33,642 | 26,350 | 7,292 | 63.9 | — |
| 2020 | 81,569 | 29,509 | 52,060 | 78.2 | — |
| 2021 | 40,198 | 35,626 | 4,572 | 66.3 | — |
| 2022 | 82,970 | 71,991 | 10,979 | 34.7 | — |
| 2023 | 75,006 | 85,171 | −10,165 | 27.9 | — |
In its most recent public year (2023), this organization spent $10,165 more than it brought in. Its reserves stood at about 27.9 months of spending, down from 142.3 in 2013.
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
Academic Magnet Foundation'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