MAGNET QALICB INC is a nonprofit organization categorized as Public Charity based in CLEVELAND, OH. Its most recent IRS filing (2025) reports revenue of $743K, expenses of $1.2M, total assets of $14.5M.
CONDUCTING OR SUPPORTING ACTIVITIES FOR THE PURPOSES OF INCREASING SUPPORT FOR MANUFACTURING ADVOCACY AND GROWTH NETWORK INC. (MAGNET,) INCREASING COMMUNITY INVOLVEMENT WITH AND SUPPORT FOR MAGNET, AND PROMOTING THE FACILITIES OF MAGNET, ACCEPTING AND EXPENDING FUNDS IN SUPPORT OF SUCH ACTIVITIES, AND DOING ALL THINGS NECESSARY OR APPROPRIATE IN ORDER TO ACCOMPLISH THE FOREGOING PURPOSES.
How Magnet Qalicb Inc divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $743K | $1.2M | $14.5M |
| 2024 | $728K | $1.0M | $15.0M |
| 2023 | $2.4M | $2.5M | $15.4M |
Between 2023 and 2025, reported annual revenue declined from $2.4M to $743K (-69%), with total assets most recently reported at $14.5M.
Interactive year-over-year charts and full filing details available with membership.
