Magnolia Towers Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 723,385 | 916,965 | −193,580 | 16.7 | 27% |
| 2012 | 728,553 | 945,392 | −216,839 | 13.4 | 24% |
| 2013 | 742,018 | 940,470 | −198,452 | 11.0 | 25% |
| 2014 | 721,271 | 967,905 | −246,634 | 7.6 | 29% |
| 2015 | 763,812 | 1,015,907 | −252,095 | 4.3 | 27% |
| 2016 | 779,871 | 960,287 | −180,416 | 2.2 | 22% |
| 2017 | 675,404 | 915,280 | −239,876 | -0.8 | 23% |
| 2018 | 608,183 | 911,410 | −303,227 | -4.8 | 20% |
| 2019 | 708,051 | 878,798 | −170,747 | -7.3 | 17% |
| 2020 | 992,813 | 987,719 | 5,094 | -6.4 | 16% |
| 2021 | 1,125,629 | 1,334,085 | −208,456 | -6.6 | 17% |
| 2022 | 1,187,477 | 1,335,520 | −148,043 | -8.0 | 17% |
| 2023 | 1,325,497 | 1,704,890 | −379,393 | -8.9 | 22% |
In its most recent public year (2023), this organization spent $379,393 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.9 months), down from 16.7 in 2011. Staff pay was 22% 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
Magnolia Towers 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