Magbit Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 708,027 | 610,444 | 97,583 | 18.5 | 19% |
| 2012 | 710,469 | 727,776 | −17,307 | 15.2 | 16% |
| 2013 | 1,052,427 | 912,108 | 140,319 | 14.0 | 13% |
| 2014 | 731,115 | 975,545 | −244,430 | 10.1 | 11% |
| 2015 | 733,590 | 693,932 | 39,658 | 14.9 | 16% |
| 2016 | 570,888 | 477,036 | 93,852 | 24.0 | 23% |
| 2017 | 1,002,948 | 713,274 | 289,674 | 20.9 | 16% |
| 2018 | 864,629 | 626,083 | 238,546 | 28.4 | 18% |
| 2019 | 1,186,620 | 322,064 | 864,556 | 87.4 | 35% |
| 2020 | 139,133 | 914,775 | −775,642 | 20.6 | 16% |
| 2021 | 100,182 | 400,623 | −300,441 | 38.1 | 30% |
| 2022 | 1,679,698 | 501,357 | 1,178,341 | 58.6 | 24% |
| 2023 | 1,407,554 | 850,390 | 557,164 | 42.4 | 18% |
In its most recent public year (2023), this organization brought in $557,164 more than it spent. Its reserves stood at about 42.4 months of spending, up from 18.5 in 2011. Staff pay was 18% 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
Magbit Foundation'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