Magic Hat Thrift Shop Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 113,827 | 91,338 | 22,489 | 7.1 | — |
| 2013 | 122,400 | 162,119 | −39,719 | 1.1 | — |
| 2014 | 125,634 | 137,041 | −11,407 | 0.3 | — |
| 2015 | 149,814 | 154,856 | −5,042 | -0.2 | — |
| 2016 | 196,231 | 197,642 | −1,411 | -0.2 | — |
| 2017 | 219,828 | 229,889 | −10,061 | -0.7 | 18% |
| 2018 | 234,313 | 237,651 | −3,338 | -0.9 | 20% |
| 2019 | 258,621 | 248,825 | 9,796 | -0.3 | 20% |
| 2020 | 186,435 | 101,820 | 84,615 | 9.1 | — |
| 2021 | 104,884 | 99,167 | 5,717 | 10.1 | — |
| 2022 | 284,415 | 267,002 | 17,413 | 4.5 | 24% |
| 2023 | 363,208 | 330,781 | 32,427 | 4.8 | 24% |
| 2024 | 424,509 | 390,135 | 34,374 | 5.2 | 25% |
In its most recent public year (2024), this organization brought in $34,374 more than it spent. Its reserves stood at about 5.2 months of spending, down from 7.1 in 2012. Staff pay was 25% 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 2024. 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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