Magnalia Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 80,019 | 30,262 | 49,757 | 188.2 | — |
| 2022 | 66,946 | 40,713 | 26,233 | 147.8 | 0% |
| 2023 | 134,972 | 40,455 | 94,517 | 176.8 | 0% |
| 2024 | 110,580 | 69,718 | 40,862 | 109.6 | 0% |
In its most recent public year (2024), this organization brought in $40,862 more than it spent. Its reserves stood at about 109.6 months of spending, down from 188.2 in 2021. Staff pay was 0% 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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