Blessings in a Backpack Inc

Analysis

Blessings in a Backpack Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Blessings in a Backpack Inc reported income of $332k and spending of $337k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $332k (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Blessings in a Backpack Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($332k), Child Welfare Ombudsman ($332k) and Scholar Athletes Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (21% of expenses). At year end it held assets of $152k against liabilities of $0, net assets of $152k. It reported 2 employees.