North East Wake Backpack Buddies

Analysis

North East Wake Backpack Buddies is a registered charity in United States, based in Rolesville, NC. It received its IRS tax-exemption ruling in July 2012, 14 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, North East Wake Backpack Buddies reported income of $99k and spending of $97k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $99k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North East Wake Backpack Buddies sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Spring Foundation ($99k), Bloomer Area Food Pantry Inc ($99k) and McCormick Helping Hands United Inc ($99k).

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 $136k against liabilities of $7,039, net assets of $129k.