Backtrack Inc

Analysis

Backtrack Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Backtrack Inc reported income of $356k and spending of $563k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $24k to $356k (+1365%), an average of +96% a year. The sharpest change came in the year to December 2020, when income rose by 1278%. Over the whole period it spent 161% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Backtrack Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include Oral Lee Brown Foundation ($355k), United Disabled Americans Inc ($356k) and Eaton Senior Communities Inc ($355k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.6m against liabilities of $3.9m, net assets of -$1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.