Magic City Enterprises Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 910,894 | 105,645 | 805,249 | 145.2 | 0% |
| 2020 | 16,685 | 202,936 | −186,251 | 64.6 | 0% |
| 2021 | 131,768 | 68,130 | 63,638 | 203.5 | 0% |
| 2022 | 64,490 | 398,970 | −334,480 | 24.7 | 0% |
| 2023 | 477,918 | 90,974 | 386,944 | 159.3 | 0% |
In its most recent public year (2023), this organization brought in $386,944 more than it spent. Its reserves stood at about 159.3 months of spending, up from 145.2 in 2019. 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
Magic City Enterprises 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