One Backpack Inc

Analysis

One Backpack Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2023, One Backpack Inc reported income of $252k and spending of $241k, spending 96% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $235k to $252k (+7.2%), an average of +3.6% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 145% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, One Backpack 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 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Iron Ridge Fire Rescue ($252k), Homeworth Volunteer Fire Department ($252k) and Keslers Cross Lanes Fire Department Inc ($252k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $305k, net assets of -$282k.