Bottles Two Backpacks

Analysis

Bottles Two Backpacks is a registered charity in United States, based in Grundy Center, IA. It received its IRS tax-exemption ruling in January 2016, 10 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, Bottles Two Backpacks reported income of $305k and spending of $267k, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $336k to $305k (-9.1%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bottles Two Backpacks sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include Delaware Academy & Preschool Inc ($305k), One Eighty Foundation ($305k) and Colorful Closets of Amarillo ($305k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $26k (9.9% of expenses). Other salaries and wages came to $114k. At year end it held assets of $194k against liabilities of $190k, net assets of $4,729. It reported 17 employees.