Arts, Culture & Humanities
(A31)
990 on File
MAGFEST INC
Financial strength (30%)
67/100
Reliability (20%)
50/100
Effectiveness (25%)
71/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2022
$133K
Total Revenue
$348K
Total Expenses
$1.9M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
97.2%
Fundraising Efficiency
N/A
Operating Reserve
64.23x
Liability-to-Asset
0.0%
Revenue Diversification
100.0%
Executive Compensation
$10K
Compared with Peers
FY 2022
Compared with 13,855 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2022.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
97.2% | 80.6% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
2.8% | 14.8% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
64.2 mo | 11.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 2.4% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 81.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-66.1% | 18.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-61.2% | 35.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-161.1% | 3.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2022 | $133K | $348K | $1.9M | 97.2% | 0 |
| 2021 | $393K | $896K | N/A | — | 9 |
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