Homeless Backpacks

Analysis

Homeless Backpacks is a registered charity in United States, based in Lacey, WA. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Homeless Backpacks reported income of $431k and spending of $520k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to June 2024, income grew from $238k to $431k (+81%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 256%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeless Backpacks sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Mask Mothers Awareness on Schoolage Kids ($431k), Northland Ministerial Association ($431k) and Hands of Faith General Residential Operations ($431k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.