Magdalena Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,038,030 | 802,434 | 235,596 | 55.4 | 59% |
| 2021 | 1,282,412 | 1,060,973 | 221,439 | 46.0 | 59% |
| 2022 | 1,476,609 | 1,195,936 | 280,673 | 45.7 | 61% |
| 2023 | 2,676,554 | 1,388,559 | 1,287,995 | 52.4 | 62% |
In its most recent public year (2023), this organization brought in $1,287,995 more than it spent. Its reserves stood at about 52.4 months of spending, down from 55.4 in 2020. Staff pay was 62% of spending. $1,539,185 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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