Magnum Cultural Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 721,116 | 646,187 | 74,929 | 13.3 | 4% |
| 2012 | 747,114 | 612,495 | 134,619 | 16.7 | 0% |
| 2013 | 1,513,772 | 966,221 | 547,551 | 17.4 | 10% |
| 2014 | 1,598,656 | 1,783,551 | −184,895 | 8.2 | 11% |
| 2015 | 1,459,633 | 1,084,388 | 375,245 | 17.6 | 17% |
| 2016 | 1,260,702 | 1,187,576 | 73,126 | 16.8 | 34% |
| 2017 | 1,288,144 | 1,039,491 | 248,653 | 22.1 | 13% |
| 2018 | 1,169,708 | 1,309,443 | −139,735 | 16.2 | 32% |
| 2019 | 2,170,021 | 1,255,343 | 914,678 | 25.7 | 34% |
| 2020 | 1,047,172 | 1,107,438 | −60,266 | 28.5 | 40% |
| 2021 | 2,140,102 | 1,059,905 | 1,080,197 | 42.0 | 38% |
| 2022 | 2,696,577 | 1,515,996 | 1,180,581 | 40.5 | 28% |
| 2023 | 1,177,866 | 1,764,733 | −586,867 | 30.9 | 31% |
In its most recent public year (2023), this organization spent $586,867 more than it brought in. Its reserves stood at about 30.9 months of spending, up from 13.3 in 2011. Staff pay was 31% of spending. $636,332 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
Magnum Cultural Foundation'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