Backpack Buddies Foundation of Loudoun Inc

Analysis

Backpack Buddies Foundation of Loudoun Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Backpack Buddies Foundation of Loudoun Inc reported income of $108k and spending of $108k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $153k to $108k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2022, when income dropped by 49%. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Backpack Buddies Foundation of Loudoun Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Small But Mighty Heroes Inc ($108k), Love Inc of Southern Chautauqua County ($108k) and Project 10 27 Inc ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.