Magee Benevolent Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 19,551,227 | 17,940,580 | 1,610,647 | 2.9 | 40% |
| 2021 | 23,055,560 | 20,921,008 | 2,134,552 | 3.7 | 34% |
| 2022 | 21,318,805 | 19,712,601 | 1,606,204 | 4.9 | 41% |
| 2023 | 17,659,738 | 18,254,389 | −594,651 | 4.9 | 44% |
In its most recent public year (2023), this organization spent $594,651 more than it brought in. Its reserves stood at about 4.9 months of spending, up from 2.9 in 2020. Staff pay was 44% 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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