Bound For College Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 83,788 | 91,100 | −7,312 | 1.9 | — |
| 2016 | 354,129 | 154,965 | 199,164 | 17.3 | 19% |
| 2017 | 214,062 | 268,675 | −54,613 | 7.1 | 22% |
| 2018 | 245,439 | 318,628 | −73,189 | 3.3 | 20% |
| 2019 | 327,885 | 202,367 | 125,518 | 12.6 | 10% |
| 2020 | 296,647 | 256,240 | 40,407 | 11.8 | 0% |
| 2021 | 351,423 | 277,400 | 74,023 | 14.1 | 14% |
| 2022 | 369,554 | 305,429 | 64,125 | 15.3 | 15% |
| 2023 | 445,040 | 351,809 | 93,231 | 16.5 | 13% |
In its most recent public year (2023), this organization brought in $93,231 more than it spent. Its reserves stood at about 16.5 months of spending, up from 1.9 in 2015. Staff pay was 13% of spending. $78,077 of its net assets are donor-restricted.
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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