Magnolia Memory Care Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 60,386 | 11,952 | 48,434 | 58.2 | — |
| 2021 | 91,287 | 126,070 | −34,783 | 2.3 | 17% |
| 2022 | 218,646 | 183,581 | 35,065 | 3.9 | 14% |
| 2023 | 293,166 | 263,995 | 29,171 | 5.1 | 40% |
In its most recent public year (2023), this organization brought in $29,171 more than it spent. Its reserves stood at about 5.1 months of spending, down from 58.2 in 2020. Staff pay was 40% of spending. $24,467 of its net assets are donor-restricted.
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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