Magic City Enterprises Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,157,354 | 7,931,628 | 225,726 | 4.1 | 73% |
| 2012 | 9,634,283 | 9,754,369 | −120,086 | 3.2 | 61% |
| 2013 | 9,234,951 | 9,080,238 | 154,713 | 3.7 | 61% |
| 2014 | 7,619,260 | 7,564,142 | 55,118 | 4.5 | 66% |
| 2015 | 7,772,686 | 8,074,673 | −301,987 | 3.5 | 55% |
| 2016 | 7,958,938 | 8,198,774 | −239,836 | 3.3 | 52% |
| 2017 | 5,684,805 | 6,203,205 | −518,400 | -1.0 | 53% |
| 2018 | 5,617,550 | 5,792,506 | −174,956 | -1.4 | 60% |
| 2019 | 6,036,466 | 5,753,087 | 283,379 | -0.8 | 54% |
| 2020 | 6,063,334 | 6,020,103 | 43,231 | -0.7 | 54% |
| 2021 | 7,258,123 | 5,937,683 | 1,320,440 | 2.0 | 70% |
| 2022 | 6,047,947 | 5,617,067 | 430,880 | 3.0 | 69% |
| 2023 | 6,271,928 | 5,645,649 | 626,279 | 4.3 | 63% |
In its most recent public year (2023), this organization brought in $626,279 more than it spent. Its reserves stood at about 4.3 months of spending. Staff pay was 63% 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
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