Magnolia Cdc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 68,075 | 79,294 | −11,219 | -1.5 | — |
| 2020 | 113,528 | 89,790 | 23,738 | 1.8 | — |
| 2021 | 53,582 | 227,537 | −173,955 | -8.4 | — |
| 2022 | 382,608 | 552,610 | −170,002 | -7.2 | 11% |
In its most recent public year (2022), this organization spent $170,002 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.2 months), down from -1.5 in 2019. Staff pay was 11% 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 2022. 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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