Magnificat Central Service Team
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 134,401 | 140,968 | −6,567 | 18.9 | 26% |
| 2021 | 413,812 | 184,138 | 229,674 | 30.5 | 22% |
| 2022 | 217,965 | 257,956 | −39,991 | 19.4 | 15% |
| 2023 | 260,308 | 235,160 | 25,148 | 23.2 | 16% |
In its most recent public year (2023), this organization brought in $25,148 more than it spent. Its reserves stood at about 23.2 months of spending, up from 18.9 in 2020. Staff pay was 16% 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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