Center For Discovery Magnet Services Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 388,984 | 1,362,866 | −973,882 | -8.6 | 0% |
| 2021 | 1,104,606 | 1,556,534 | −451,928 | -11.0 | 0% |
| 2022 | 2,327,629 | 2,084,816 | 242,813 | -6.8 | 0% |
| 2023 | 1,925,821 | 1,901,645 | 24,176 | -7.3 | 0% |
In its most recent public year (2023), this organization brought in $24,176 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-7.3 months), up from -8.6 in 2020. Staff pay was 0% 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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