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.
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.
