Magfest Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 1,088,861 | 793,038 | 295,823 | 7.2 | 14% |
| 2016 | 1,364,312 | 1,022,474 | 341,838 | 9.6 | 19% |
| 2017 | 1,424,210 | 1,564,508 | −140,298 | 5.0 | 17% |
| 2018 | 1,799,350 | 1,742,729 | 56,621 | 4.9 | 22% |
| 2019 | 1,695,070 | 1,736,868 | −41,798 | 4.8 | 22% |
| 2020 | 2,287,029 | 2,119,775 | 167,254 | 4.9 | 6% |
| 2021 | 393,233 | 895,919 | −502,686 | 4.9 | 45% |
| 2022 | 133,153 | 347,684 | −214,531 | 64.2 | 21% |
In its most recent public year (2022), this organization spent $214,531 more than it brought in. Its reserves stood at about 64.2 months of spending, up from 7.2 in 2015. Staff pay was 21% 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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