Mag Institute For Excellence In Medicine Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 908,546 | 1,237,223 | −328,677 | 6.5 | 21% |
| 2012 | 724,356 | 925,941 | −201,585 | 5.2 | 22% |
| 2013 | 1,067,151 | 1,029,824 | 37,327 | 5.1 | 20% |
| 2014 | 1,118,236 | 1,076,190 | 42,046 | 5.0 | 21% |
| 2015 | 501,261 | 696,550 | −195,289 | 4.3 | 32% |
| 2016 | 497,773 | 539,772 | −41,999 | 4.7 | 42% |
| 2017 | 207,022 | 327,207 | −120,185 | 3.3 | 41% |
| 2018 | 248,915 | 91,039 | 157,876 | 32.6 | 0% |
| 2019 | 196,964 | 146,397 | 50,567 | 24.4 | 0% |
| 2020 | 187,067 | 153,141 | 33,926 | 26.0 | 0% |
| 2021 | 171,418 | 148,019 | 23,399 | 28.8 | 0% |
| 2022 | 87,865 | 97,137 | −9,272 | 42.7 | 0% |
| 2023 | 173,618 | 110,151 | 63,467 | 44.6 | 0% |
In its most recent public year (2023), this organization brought in $63,467 more than it spent. Its reserves stood at about 44.6 months of spending, up from 6.5 in 2011. Staff pay was 0% of spending. $329,513 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
Mag Institute For Excellence In Medicine 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