Backpack Beginnings

Analysis

Backpack Beginnings is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in February 2013, 13 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 June 2024, Backpack Beginnings reported income of $4.3m and spending of $4.0m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $4.3m (+269%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Backpack Beginnings sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Valdosta-Lowndes County Family YMCA ($4.3m), Day Spring Inc ($4.3m) and Capital Investing in Development and Employment of Adults Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $252k. At year end it held assets of $4.5m against liabilities of $439k, net assets of $4.1m. It reported 7 employees.