Magellan School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 8,883,915 | 7,879,607 | 1,004,308 | 1.7 | 53% |
| 2020 | 9,915,605 | 9,269,654 | 645,951 | 2.3 | 53% |
| 2021 | 11,567,660 | 10,053,686 | 1,513,974 | 3.9 | 52% |
| 2022 | 11,356,984 | 10,985,217 | 371,767 | 4.0 | 53% |
| 2023 | 14,071,986 | 12,062,926 | 2,009,060 | 5.7 | 53% |
In its most recent public year (2023), this organization brought in $2,009,060 more than it spent. Its reserves stood at about 5.7 months of spending, up from 1.7 in 2019. Staff pay was 53% of spending. $1,200,354 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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