Boomerang Backpacks Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 204,075 | 90,429 | 113,646 | 26.3 | 0% |
| 2012 | 195,276 | 161,602 | 33,674 | 17.2 | 0% |
| 2013 | 197,179 | 177,451 | 19,728 | 17.0 | 0% |
| 2014 | 245,209 | 183,371 | 61,838 | 20.5 | 0% |
| 2015 | 304,722 | 252,665 | 52,057 | 17.4 | 13% |
| 2016 | 360,871 | 275,985 | 84,886 | 19.6 | 12% |
| 2017 | 374,455 | 310,356 | 64,099 | 19.9 | 10% |
| 2018 | 124,154 | 129,720 | −5,566 | 47.1 | 9% |
| 2019 | 292,807 | 288,967 | 3,840 | 21.3 | 0% |
| 2020 | 416,310 | 302,991 | 113,319 | 24.8 | 0% |
| 2021 | 317,386 | 301,631 | 15,755 | 25.5 | 0% |
| 2022 | 316,862 | 286,102 | 30,760 | 28.2 | 0% |
| 2023 | 305,563 | 357,396 | −51,833 | 20.8 | 0% |
| 2024 | 345,465 | 461,918 | −116,453 | 13.1 | 10% |
In its most recent public year (2024), this organization spent $116,453 more than it brought in. Its reserves stood at about 13.1 months of spending, down from 26.3 in 2011. Staff pay was 10% 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 2024. 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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