Magnolia Arts Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 110,683 | 82,657 | 28,026 | 41.7 | — |
| 2013 | 87,716 | 98,804 | −11,088 | 33.5 | — |
| 2014 | 157,337 | 131,901 | 25,436 | 28.0 | — |
| 2015 | 109,680 | 140,262 | −30,582 | 23.7 | — |
| 2016 | 125,191 | 118,140 | 7,051 | 28.9 | — |
| 2017 | 128,165 | 140,008 | −11,843 | 23.4 | — |
| 2018 | 130,414 | 154,690 | −24,276 | 19.3 | — |
| 2019 | 150,191 | 148,263 | 1,928 | 20.2 | — |
| 2020 | 139,692 | 130,581 | 9,111 | 23.8 | — |
| 2021 | 202,059 | 96,614 | 105,445 | 45.3 | 28% |
| 2022 | 292,664 | 159,707 | 132,957 | 37.4 | 19% |
| 2023 | 173,266 | 165,623 | 7,643 | 36.6 | 19% |
| 2024 | 166,931 | 172,478 | −5,547 | 34.8 | 18% |
In its most recent public year (2024), this organization spent $5,547 more than it brought in. Its reserves stood at about 34.8 months of spending, down from 41.7 in 2012. Staff pay was 18% of spending. $48,978 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 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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