Magic Basketball Club Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 121,187 | 122,615 | −1,428 | 0.4 | — |
| 2012 | 119,701 | 118,602 | 1,099 | 0.5 | — |
| 2013 | 159,233 | 158,533 | 700 | 0.5 | — |
| 2014 | 145,894 | 148,531 | −2,637 | 0.3 | — |
| 2015 | 158,611 | 156,665 | 1,946 | 0.4 | — |
| 2016 | 182,049 | 177,175 | 4,874 | 0.7 | — |
| 2017 | 221,249 | 222,738 | −1,489 | 0.5 | 0% |
| 2018 | 209,898 | 209,463 | 435 | 0.5 | 0% |
| 2019 | 249,442 | 243,788 | 5,654 | 0.7 | 0% |
| 2020 | 211,214 | 204,540 | 6,674 | 1.3 | 0% |
| 2021 | 302,214 | 299,924 | 2,290 | 1.0 | 8% |
| 2022 | 509,307 | 409,138 | 100,169 | 3.6 | 11% |
| 2023 | 623,053 | 488,174 | 134,879 | 6.4 | 12% |
In its most recent public year (2023), this organization brought in $134,879 more than it spent. Its reserves stood at about 6.4 months of spending, up from 0.4 in 2011. Staff pay was 12% 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
Magic Basketball Club Inc'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