Backpack Buddies of Georgia Inc

Analysis

Backpack Buddies of Georgia Inc is a registered charity in United States, based in Newnan, GA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Backpack Buddies of Georgia Inc reported income of $163k and spending of $252k, spending 154% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $200k to $163k (-19%), an average of -6.6% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Backpack Buddies of Georgia Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include Long Island Charities Foundation Inc ($163k), Green County Fall Nationals Tractor & Truck Pull Inc ($163k) and Sauder Stewardship Foundation Inc ($163k).

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 $187k against liabilities of $0, net assets of $187k.