Magnificat-Phoenix Chapter
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 10,871 | 14,966 | −4,095 | 2.7 | — |
| 2020 | 6,780 | 6,435 | 345 | 6.9 | — |
| 2021 | 1,465 | 2,862 | −1,397 | 9.0 | — |
| 2022 | 3,907 | 1,850 | 2,057 | 37.2 | — |
In its most recent public year (2022), this organization brought in $2,057 more than it spent. Its reserves stood at about 37.2 months of spending, up from 2.7 in 2019.
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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