Magna Community Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 5,000 | 4,162 | 838 | 62.6 | — |
| 2015 | 20,332 | 1,833 | 18,499 | 263.3 | — |
| 2016 | 9,500 | 8,508 | 992 | 34.1 | — |
| 2017 | 10,450 | 4,066 | 6,384 | 0.0 | — |
| 2019 | 5,206 | 4,713 | 493 | 0.0 | — |
| 2020 | 27,013 | 7,688 | 19,325 | 30.2 | — |
| 2021 | 19,365 | 5,897 | 13,468 | 27.4 | — |
| 2022 | 352 | 3,127 | −2,775 | -10.6 | — |
| 2023 | 20,040 | 26,996 | −6,956 | -3.1 | — |
In its most recent public year (2023), this organization spent $6,956 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.1 months), down from 62.6 in 2014.
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
Magna Community Council'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