Magic Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 959,424 | 768,030 | 191,394 | 36.0 | 35% |
| 2012 | 812,405 | 777,475 | 34,930 | 36.1 | 37% |
| 2013 | 768,659 | 850,603 | −81,944 | 31.9 | 37% |
| 2014 | 996,485 | 948,618 | 47,867 | 29.3 | 33% |
| 2015 | 911,170 | 990,393 | −79,223 | 26.9 | 33% |
| 2016 | 895,657 | 1,015,821 | −120,164 | 25.0 | 41% |
| 2017 | 1,055,760 | 979,904 | 75,856 | 26.8 | 45% |
| 2018 | 1,196,726 | 978,108 | 218,618 | 29.4 | 44% |
| 2019 | 904,110 | 1,007,797 | −103,687 | 27.5 | 44% |
| 2020 | 918,619 | 1,030,578 | −111,959 | 25.8 | 44% |
| 2021 | 1,415,154 | 935,413 | 479,741 | 34.8 | 48% |
| 2022 | 976,579 | 976,446 | 133 | 32.7 | 49% |
| 2023 | 1,244,747 | 1,219,257 | 25,490 | 26.9 | 42% |
In its most recent public year (2023), this organization brought in $25,490 more than it spent. Its reserves stood at about 26.9 months of spending, down from 36 in 2011. Staff pay was 42% 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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