Golden Backpack Program Inc

Analysis

Golden Backpack Program Inc is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Golden Backpack Program Inc reported income of $581k and spending of $456k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $804k to $581k (-28%), an average of -10% a year. The sharpest change came in the year to December 2021, when income dropped by 56%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden Backpack Program Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Gerald J Ryan Outreach Center Inc ($581k), Shepherds Crossing Inc ($581k) and Chore Service Inc ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $103k (23% of expenses). Other salaries and wages came to $45k. At year end it held assets of $704k against liabilities of $113k, net assets of $590k. It reported 4 employees.