Blessings in a Backpack Inc

Analysis

Blessings in a Backpack Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 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, Blessings in a Backpack Inc reported income of $14.4m and spending of $15.6m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $17.0m to $14.4m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blessings in a Backpack Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Brazos Valley Community Action Programs ($14.4m), Westmoreland County Food Bank Inc ($14.5m) and Father Flanagans Boys Home ($14.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $384k (2.5% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $11.5m against liabilities of $1.1m, net assets of $10.4m. It reported 50 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.