Magnet Educational Choice Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 414,620 | 502,105 | −87,485 | 11.3 | 0% |
| 2012 | 378,214 | 497,958 | −119,744 | 8.7 | 6% |
| 2013 | 334,832 | 456,812 | −121,980 | 6.2 | 6% |
| 2014 | 314,517 | 327,209 | −12,692 | 8.4 | 5% |
| 2015 | 557,120 | 455,663 | 101,457 | 8.3 | 4% |
| 2016 | 892,590 | 598,860 | 293,730 | 12.2 | 3% |
| 2017 | 652,173 | 733,515 | −81,342 | 8.6 | 2% |
| 2018 | 490,222 | 667,328 | −177,106 | 6.3 | 3% |
| 2019 | 524,808 | 537,141 | −12,333 | 7.4 | 3% |
| 2020 | 417,028 | 377,605 | 39,423 | 11.0 | 4% |
| 2021 | 156,435 | 213,007 | −56,572 | 19.8 | 7% |
| 2022 | 345,084 | 354,182 | −9,098 | 11.8 | 5% |
| 2023 | 348,303 | 415,185 | −66,882 | 8.1 | 9% |
In its most recent public year (2023), this organization spent $66,882 more than it brought in. Its reserves stood at about 8.1 months of spending, down from 11.3 in 2011. Staff pay was 9% of spending. $270,115 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
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