Magnolia Medical Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 408,745 | 284,292 | 124,453 | 9.9 | 49% |
| 2021 | 611,948 | 593,351 | 18,597 | 6.1 | 40% |
| 2022 | 715,357 | 650,029 | 65,328 | 6.8 | 49% |
| 2023 | 833,744 | 819,292 | 14,452 | 4.9 | 40% |
In its most recent public year (2023), this organization brought in $14,452 more than it spent. Its reserves stood at about 4.9 months of spending, down from 9.9 in 2020. Staff pay was 40% of spending. $59,685 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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