Gardendale Magnolia Festival Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 16,419 | 8,974 | 7,445 | 10.0 | — |
| 2014 | 59,111 | 53,251 | 5,860 | 3.0 | — |
| 2015 | 67,771 | 58,294 | 9,477 | 4.7 | — |
| 2016 | 77,367 | 76,465 | 902 | 3.7 | — |
| 2017 | 75,508 | 76,505 | −997 | 3.6 | — |
| 2018 | 72,618 | 73,124 | −506 | 3.6 | — |
| 2019 | 67,888 | 69,846 | −1,958 | 3.5 | — |
| 2020 | 28,326 | 29,603 | −1,277 | 7.7 | — |
| 2021 | 62,042 | 60,894 | 1,148 | 4.0 | — |
| 2022 | 85,465 | 68,585 | 16,880 | 6.5 | — |
| 2023 | 86,783 | 75,064 | 11,719 | 7.8 | — |
In its most recent public year (2023), this organization brought in $11,719 more than it spent. Its reserves stood at about 7.8 months of spending, down from 10 in 2013.
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
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