Mag America Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,699,037 | 9,646,501 | 52,536 | 0.6 | 1% |
| 2012 | 17,944,420 | 17,937,194 | 7,226 | 0.3 | 2% |
| 2013 | 15,278,089 | 15,375,608 | −97,519 | 0.3 | 3% |
| 2014 | 16,523,896 | 16,694,182 | −170,286 | 0.2 | 3% |
| 2015 | 17,965,480 | 17,953,875 | 11,605 | 0.1 | 2% |
| 2016 | 24,963,118 | 24,968,177 | −5,059 | 0.1 | 1% |
| 2017 | 24,960,475 | 24,957,940 | 2,535 | 0.1 | 1% |
| 2018 | 31,704,612 | 29,015,961 | 2,688,651 | 1.2 | 1% |
| 2019 | 16,554,333 | 16,144,881 | 409,452 | 1.2 | 1% |
| 2020 | 42,153,510 | 43,622,368 | −1,468,858 | 0.0 | 1% |
| 2021 | 53,429,692 | 52,594,776 | 834,916 | 0.2 | 1% |
| 2022 | 54,950,297 | 55,696,073 | −745,776 | 0.1 | 1% |
| 2023 | 69,486,705 | 69,198,657 | 288,048 | 0.1 | 1% |
In its most recent public year (2023), this organization brought in $288,048 more than it spent. Its reserves stood at about 0.1 months of spending. Staff pay was 1% of spending. $253,798 of its net assets are donor-restricted.
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
Mag America 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