Magnet Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 324,745 | 238,592 | 86,153 | 0.9 | 38% |
| 2012 | 292,929 | 267,117 | 25,812 | 2.0 | 34% |
| 2013 | 285,526 | 269,071 | 16,455 | 2.7 | 33% |
| 2014 | 302,316 | 269,655 | 32,661 | 4.2 | 35% |
| 2015 | 327,041 | 305,499 | 21,542 | 4.5 | 32% |
| 2016 | 307,169 | 314,750 | −7,581 | 4.1 | 43% |
| 2017 | 322,652 | 334,905 | −12,253 | 3.4 | 44% |
| 2018 | 312,596 | 380,199 | −67,603 | 0.9 | 46% |
| 2019 | 319,748 | 295,305 | 24,443 | 2.1 | 66% |
| 2020 | 348,292 | 282,266 | 66,026 | 5.0 | 69% |
| 2021 | 324,428 | 279,276 | 45,152 | 7.0 | 74% |
| 2022 | 413,819 | 299,436 | 114,383 | 11.1 | 75% |
| 2023 | 427,773 | 325,652 | 102,121 | 14.0 | 71% |
In its most recent public year (2023), this organization brought in $102,121 more than it spent. Its reserves stood at about 14 months of spending, up from 0.9 in 2011. Staff pay was 71% 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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