Magic Minds Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 236,852 | 230,686 | 6,166 | 0.3 | 46% |
| 2016 | 506,761 | 491,111 | 15,650 | 0.5 | 53% |
| 2017 | 590,178 | 600,646 | −10,468 | 0.2 | 52% |
| 2018 | 709,260 | 706,634 | 2,626 | 0.2 | 52% |
| 2019 | 860,848 | 901,602 | −40,754 | -0.4 | 47% |
| 2020 | 275,034 | 254,334 | 20,700 | -0.3 | 42% |
| 2021 | 336,809 | 476,233 | −139,424 | -3.7 | 45% |
| 2022 | 608,798 | 623,437 | −14,639 | -3.1 | 42% |
| 2023 | 702,865 | 697,622 | 5,243 | -1.6 | 50% |
In its most recent public year (2023), this organization brought in $5,243 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.6 months), down from 0.3 in 2015. Staff pay was 50% 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
Magic Minds Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works