Boomerang Youth Inc

Analysis

Boomerang Youth Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in April 2016, 10 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boomerang Youth Inc reported income of $348k and spending of $445k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $267k to $348k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boomerang Youth Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Voice Foundation ($348k), Little League Baseball Inc ($348k) and Sonoma County Affordable Homes Inc ($348k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $85k (19% of expenses). Other salaries and wages came to $197k. At year end it held assets of $157k against liabilities of $5,940, net assets of $151k. It reported 13 employees.