Magic City Figure Skating Club
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $168,175 | $175,941 | −$7,766 | 7.7 | 31% |
| 2021 | $255,559 | $220,748 | $34,811 | 8.0 | 25% |
| 2022 | $314,889 | $262,890 | $51,999 | 9.1 | 24% |
| 2023 | $350,974 | $306,678 | $44,296 | 9.6 | 28% |
| 2024 | $323,422 | $289,357 | $34,065 | 11.5 | 29% |
In its most recent public year (2024), this organization brought in $34,065 more than it spent. Its reserves stood at about 11.5 months of spending, up from 7.7 in 2020. Staff pay was 29% 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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