McBackpack Inc

Analysis

McBackpack Inc is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in October 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, McBackpack Inc reported income of $164k and spending of $148k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $81k to $164k (+102%), an average of +102% a year. The sharpest change came in the year to June 2024, when income rose by 102%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McBackpack Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within CO. Charities of a similar size with the same main cause include Eatwell Exchange Inc ($164k), Arbors III at St Barnabas Inc ($164k) and Karnataka Cultural Association of Southern California ($164k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 68% of the total. At year end it held assets of $268k against liabilities of $0, net assets of $268k.