Magic Of Michael Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 240,302 | 15,000 | 225,302 | 180.2 | 0% |
| 2016 | 175,456 | 89,869 | 85,587 | 41.5 | 0% |
| 2017 | 167,766 | 104,087 | 63,679 | 43.2 | 0% |
| 2018 | 9,698 | 25,940 | −16,242 | 158.6 | 0% |
| 2019 | 116,149 | 144,190 | −28,041 | 28.8 | 0% |
| 2020 | 107,364 | 37,609 | 69,755 | 131.9 | 0% |
| 2021 | 56,892 | 57,323 | −431 | 86.5 | 0% |
| 2022 | 18,836 | 22,835 | −3,999 | 214.9 | 0% |
| 2023 | 22,101 | 22,074 | 27 | 222.3 | 0% |
In its most recent public year (2023), this organization brought in $27 more than it spent. Its reserves stood at about 222.3 months of spending, up from 180.2 in 2015. 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 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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