Forsyth Backpack Program

Analysis

Forsyth Backpack Program is a registered charity in United States, based in Winstonsalem, NC. It received its IRS tax-exemption ruling in August 2013, 13 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 June 2024, Forsyth Backpack Program reported income of $193k and spending of $209k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $242k to $193k (-20%), an average of -5.6% a year. The sharpest change came in the year to June 2023, when income rose by 104%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forsyth Backpack Program sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Watchdogtax Corp ($193k), Pike Industry Housing Corporation ($193k) and Kenansville Community Association Inc ($193k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $52k (25% of expenses). At year end it held assets of $286k against liabilities of $0, net assets of $286k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.