Backbones

Analysis

Backbones is a registered charity in United States, based in Prospect HTS, IL. It received its IRS tax-exemption ruling in February 2010, 16 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, Backbones reported income of $55k and spending of $112k, spending 203% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $55k (-52%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Backbones sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Mikas Lunch ($55k), Abbys Organic Community Farm Inc ($55k) and Arms of Jesus-Childrens Mission Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. At year end it held assets of $71k against liabilities of $2,039, net assets of $69k.