Bags of Love

Analysis

Bags of Love is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in September 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 December 2023, Bags of Love reported income of $1.3m and spending of $1.0m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $691k to $1.3m (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bags of Love sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within OR. Charities of a similar size with the same main cause include Leep - Labor Economic Education Empowerment ($1.3m), Community Students Learning Center ($1.3m) and Kalamazoo County Ready 4s ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $87k (8.6% of expenses). Other salaries and wages came to $64k. At year end it held assets of $965k against liabilities of $5,175, net assets of $959k. It reported 6 employees.