Georgia Magnet-Charter Schools Foundation Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 8,166,863 | 8,443,044 | −276,181 | 10.9 | 3% |
| 2013 | 9,278,201 | 8,628,763 | 649,438 | 11.6 | 3% |
| 2014 | 9,585,051 | 9,064,329 | 520,722 | 11.5 | 46% |
| 2015 | 9,393,896 | 9,194,710 | 199,186 | 4.6 | 48% |
| 2016 | 9,938,866 | 9,634,903 | 303,963 | 4.7 | 48% |
| 2017 | 9,909,794 | 11,022,764 | −1,112,970 | 2.9 | 46% |
| 2018 | 10,668,329 | 11,265,947 | −597,618 | 2.2 | 44% |
| 2019 | 11,258,032 | 11,151,877 | 106,155 | 2.4 | 46% |
| 2020 | 11,718,998 | 12,204,439 | −485,441 | 1.7 | 44% |
| 2021 | 11,855,493 | 12,110,414 | −254,921 | 1.1 | 50% |
| 2022 | 13,817,107 | 11,932,278 | 1,884,829 | -3.7 | 54% |
| 2023 | 8,828,981 | 9,942,342 | −1,113,361 | -5.8 | 41% |
In its most recent public year (2023), this organization spent $1,113,361 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.8 months), down from 10.9 in 2012. Staff pay was 41% 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
Georgia Magnet-Charter Schools Foundation Corp'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