Backpack Blessings Inc

Analysis

Backpack Blessings Inc is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in June 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, Backpack Blessings Inc reported income of $150k and spending of $140k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $161k to $150k (-6.9%), an average of -6.9% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Backpack Blessings Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Sparrow House Ministries ($150k), Willow Roots Inc ($150k) and West Avenue Compassion ($150k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 25% of the total. At year end it held assets of $323k against liabilities of $3,023, net assets of $320k.