Magnolia Gardens Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 375,921 | 450,589 | −74,668 | -23.1 | 19% |
| 2012 | 366,120 | 442,109 | −75,989 | -25.6 | 18% |
| 2013 | 378,045 | 455,125 | −77,080 | -26.9 | 18% |
| 2014 | 387,395 | 457,444 | −70,049 | -28.6 | 20% |
| 2015 | 387,752 | 464,229 | −76,477 | -30.2 | 20% |
| 2016 | 404,126 | 487,095 | −82,969 | -30.8 | 21% |
| 2017 | 398,562 | 470,529 | −71,967 | -33.7 | 21% |
| 2018 | 396,373 | 541,777 | −145,404 | -32.5 | 19% |
| 2019 | 429,310 | 526,797 | −97,487 | -35.7 | 19% |
| 2020 | 485,829 | 523,289 | −37,460 | -36.7 | 20% |
| 2021 | 440,376 | 578,091 | −137,715 | -36.1 | 22% |
| 2022 | 476,826 | 591,687 | −114,861 | -37.6 | 21% |
| 2023 | 499,884 | 654,875 | −154,991 | -36.8 | 18% |
| 2024 | 531,558 | 667,896 | −136,338 | -38.6 | 19% |
In its most recent public year (2024), this organization spent $136,338 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-38.6 months), down from -23.1 in 2011. Staff pay was 19% 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 2024. 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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