Bag It

Analysis

Bag It is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 June 2024, Bag It reported income of $584k and spending of $619k, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $311k to $584k (+88%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bag It sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within AZ. Charities of a similar size with the same main cause include Institute for Biomedical Sciences ($584k), Cancer Resource Centers of Mendocino County ($585k) and Kern County Cancer Foundation ($584k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $68k (11% of expenses). Other salaries and wages came to $112k. At year end it held assets of $338k against liabilities of $183k, net assets of $154k. It reported 8 employees.