Magnificent 7 Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 0 | 0 | 0 | — | — |
| 2015 | 0 | 0 | 0 | — | — |
| 2016 | 895 | 895 | 0 | 0.0 | 0% |
| 2017 | 22,401 | 9,773 | 12,628 | 14.4 | 0% |
| 2018 | 23,706 | 3,533 | 20,173 | 31.3 | 0% |
| 2019 | 120 | 4,165 | −4,045 | -3.8 | 0% |
| 2020 | 0 | 500 | −500 | -43.8 | 0% |
| 2021 | 1,000 | 815 | 185 | -24.2 | 0% |
| 2022 | 0 | 357 | −357 | -67.2 | 0% |
| 2023 | 0 | 0 | 0 | — | — |
In its most recent public year (2023), this organization brought in $0 more than it spent.
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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