Food Backpacks 4 Kids

Analysis

Food Backpacks 4 Kids is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Food Backpacks 4 Kids reported income of $1.0m and spending of $986k, spending 98% of its income. Across the 6 years on record, from August 2019 to June 2024, income grew from $357k to $1.0m (+181%), an average of +23% a year. The sharpest change came in the year to August 2020, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Backpacks 4 Kids sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Fill-A-Need Foundation Corporation ($1.0m), Streator Young Mens-Womens Christian Association ($1.0m) and B G C Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $123k (13% of expenses). Other salaries and wages came to $55k. At year end it held assets of $486k against liabilities of $5,315, net assets of $481k. It reported 5 employees.