Bags4kids Foundation

Analysis

Bags4kids Foundation is a registered charity in United States, based in Calif City, CA. It received its IRS tax-exemption ruling in May 2003, 23 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, Bags4kids Foundation reported income of $55k and spending of $62k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $55k (-6.6%), an average of -6.6% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bags4kids Foundation 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 22nd percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Lanier Commission for Children Youth and Families Inc ($55k), Snap Sports Inc ($55k) and Boron Senior Citizens Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $154k against liabilities of $145k, net assets of $8,838.