Weekend Backpacks Baltimore Inc

Analysis

Weekend Backpacks Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2017, 9 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 2023, Weekend Backpacks Baltimore Inc reported income of $1.1m and spending of $757k, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $604k to $1.1m (+78%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Weekend Backpacks Baltimore Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Help 4 Kids ($1.1m), Wellspring Community Support Services ($1.1m) and The Arc of Northeast Colorado ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $54k. At year end it held assets of $1.6m against liabilities of $7,012, net assets of $1.6m.