Magnolia Educational & Research Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 20,865,544 | 20,557,865 | 307,679 | 1.2 | 46% |
| 2012 | 24,631,389 | 25,702,559 | −1,071,170 | 0.5 | 49% |
| 2013 | 30,647,486 | 26,874,132 | 3,773,354 | 2.1 | 50% |
| 2014 | 32,298,679 | 26,992,912 | 5,305,767 | 4.4 | 50% |
| 2015 | 34,357,458 | 31,295,065 | 3,062,393 | 5.0 | 50% |
| 2016 | 47,750,213 | 39,770,172 | 7,980,041 | 6.2 | 47% |
| 2017 | 45,577,282 | 44,953,982 | 623,300 | 5.7 | 49% |
| 2018 | 48,888,566 | 43,212,386 | 5,676,180 | 7.4 | 46% |
| 2019 | 47,041,355 | 46,917,362 | 123,993 | 6.8 | 52% |
| 2020 | 51,334,434 | 49,147,443 | 2,186,991 | 7.0 | 53% |
| 2021 | 63,609,344 | 50,824,459 | 12,784,885 | 9.8 | 53% |
| 2022 | 66,230,945 | 62,131,487 | 4,099,458 | 8.7 | 51% |
| 2023 | 31,976,044 | 76,945,341 | −44,969,297 | 0.0 | 45% |
In its most recent public year (2023), this organization spent $44,969,297 more than it brought in. Its reserves stood at about 0 months of spending, down from 1.2 in 2011. Staff pay was 45% 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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