The Magic Yarn Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 334,269 | 246,917 | 87,352 | 5.2 | 0% |
| 2018 | 320,358 | 259,089 | 61,269 | 7.8 | 0% |
| 2019 | 281,868 | 303,002 | −21,134 | 5.8 | 0% |
| 2020 | 278,076 | 235,189 | 42,887 | 9.7 | 0% |
| 2021 | 214,166 | 142,163 | 72,003 | 22.0 | 0% |
| 2022 | 187,482 | 181,477 | 6,005 | 17.7 | 0% |
| 2023 | 219,274 | 222,623 | −3,349 | 14.2 | 0% |
In its most recent public year (2023), this organization spent $3,349 more than it brought in. Its reserves stood at about 14.2 months of spending, up from 5.2 in 2017. Staff pay was 0% 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
The Magic Yarn Project'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