Magic Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 7,011 | 7,011 | 0 | 0.0 | — |
| 2017 | 32,361 | 7,361 | 25,000 | 40.8 | — |
| 2018 | 23,215 | 10,761 | 12,454 | 41.8 | — |
| 2019 | 42,316 | 5,384 | 36,932 | 165.8 | — |
| 2020 | 100,347 | 17,439 | 82,908 | 104.0 | — |
| 2021 | 76,694 | 20,311 | 56,383 | 122.6 | — |
| 2022 | 73,965 | 32,959 | 41,006 | 90.5 | — |
| 2023 | 144,780 | 48,361 | 96,419 | 85.6 | — |
In its most recent public year (2023), this organization brought in $96,419 more than it spent. Its reserves stood at about 85.6 months of spending, up from 0 in 2016.
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 Foundation'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