Boomerang Housing Corporation

Analysis

Boomerang Housing Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boomerang Housing Corporation reported income of $500k and spending of $76k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $500k (+450%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 624%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boomerang Housing Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include LA Crosse Youth Soccer Parents Association Inc ($500k), Liberty Corner Fire Company ($500k) and Usher Syndrome Society Inc ($500k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 2.6% of the total. At year end it held assets of $1.2m against liabilities of $16.3m, net assets of -$15.1m.