Backpack Buddies Seabrook Island

Analysis

Backpack Buddies Seabrook Island is a registered charity in United States, based in Johns Island, SC. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Seabrook Island reported income of $137k and spending of $92k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $137k (+12%), an average of +12% a year. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Backpack Buddies Seabrook Island 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 45th percentile, and in the 51st percentile within SC. Charities of a similar size with the same main cause include American Friends of the Childrens Day Nurseries & Childrens Town in ($137k), Girls Latin School-Boston Latin Academy Association Inc ($137k) and Santa Monica High School Grad Nite ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $257k against liabilities of $5,284, net assets of $252k.