Magnificat
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 154,455 | 182,605 | −28,150 | -1.0 | — |
| 2012 | 39,300 | 54,897 | −15,597 | -6.9 | — |
| 2013 | 104,186 | 99,034 | 5,152 | 0.8 | — |
| 2014 | 149,596 | 146,782 | 2,814 | 1.1 | — |
| 2015 | 117,493 | 129,735 | −12,242 | 0.1 | — |
| 2016 | 130,144 | 117,908 | 12,236 | 1.4 | — |
| 2017 | 90,852 | 86,140 | 4,712 | 2.6 | — |
| 2018 | 80,225 | 96,169 | −15,944 | 0.3 | — |
| 2019 | 92,102 | 91,658 | 444 | 0.4 | — |
| 2020 | 64,513 | 60,822 | 3,691 | 1.3 | — |
In its most recent public year (2020), this organization brought in $3,691 more than it spent. Its reserves stood at about 1.3 months of spending, up from -1 in 2011.
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 2020. 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
Magnificat's IRS filings as a feed — one entry per filing year, through 2020. 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