Magic Wheelchair
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 256,230 | 272,342 | −16,112 | 3.5 | 34% |
| 2020 | 94,536 | 121,242 | −26,706 | 5.1 | 32% |
| 2021 | 79,009 | 66,554 | 12,455 | 12.3 | 4% |
| 2022 | 183,790 | 164,300 | 19,490 | 6.3 | 7% |
| 2023 | 132,257 | 196,379 | −64,122 | 1.8 | 15% |
In its most recent public year (2023), this organization spent $64,122 more than it brought in. Its reserves stood at about 1.8 months of spending, down from 3.5 in 2019. Staff pay was 15% 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 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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