Boom Arts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 121,605 | 193,753 | −72,148 | 1.4 | — |
| 2021 | 138,406 | 89,369 | 49,037 | 16.8 | — |
| 2022 | 141,670 | 91,185 | 50,485 | 23.1 | — |
| 2023 | 254,997 | 250,784 | 4,213 | 8.5 | 24% |
In its most recent public year (2023), this organization brought in $4,213 more than it spent. Its reserves stood at about 8.5 months of spending, up from 1.4 in 2019. Staff pay was 24% 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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