Magnus Veterans Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 62,977 | 42,456 | 20,521 | 5.8 | — |
| 2020 | 3,985,213 | 98,280 | 3,886,933 | 477.1 | 13% |
| 2021 | 582,375 | 536,765 | 45,610 | 88.4 | 18% |
| 2022 | 607,660 | 672,655 | −64,995 | 69.4 | 17% |
| 2023 | 976,641 | 757,330 | 219,311 | 64.8 | 49% |
In its most recent public year (2023), this organization brought in $219,311 more than it spent. Its reserves stood at about 64.8 months of spending, up from 5.8 in 2019. Staff pay was 49% 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
Magnus Veterans 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