Georgetown Backpack Buddies

Analysis

Georgetown Backpack Buddies is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Georgetown Backpack Buddies reported income of $155k and spending of $174k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $155k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 125% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Georgetown Backpack Buddies sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Jared Coones Memorial Foundation ($155k), Rotary Club of Colonial Park Foundation ($155k) and Greater Atlanta Tamil Sangam Gats ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $220k against liabilities of $0, net assets of $220k.