Mgl Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 6,000 | 886 | 5,114 | 69.3 | — |
| 2018 | 0 | 1,419 | −1,419 | 31.2 | — |
| 2019 | 12,614 | 5,034 | 7,580 | 26.9 | — |
| 2020 | 6,339 | 6,883 | −544 | 18.7 | — |
| 2021 | 41,500 | 1,444 | 40,056 | 422.1 | — |
In its most recent public year (2021), this organization brought in $40,056 more than it spent. Its reserves stood at about 422.1 months of spending, up from 69.3 in 2017.
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 2021. 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
Mgl Ministries's IRS filings as a feed — one entry per filing year, through 2021. 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