Backpack Project Inc

Analysis

Backpack Project Inc is a registered charity in United States, based in Dunwoody, GA. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Backpack Project Inc reported income of $115k and spending of $80k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $115k (+14%), an average of +14% a year. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Backpack Project Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within GA. Charities of a similar size with the same main cause include Korean Adoptees Ministry Center ($115k), Cape Ministry Inc ($115k) and Rwandan Orphans Project ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.