Backpack Friends Incorporated

Analysis

Backpack Friends Incorporated is a registered charity in United States, based in Pflugerville, TX. It received its IRS tax-exemption ruling in July 2018, 8 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, Backpack Friends Incorporated reported income of $208k and spending of $213k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $258k to $208k (-19%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Backpack Friends Incorporated sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Quality Moments ($208k), Great Marriages for Sheboygan County Inc ($208k) and Veranda Ministries Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $107k (50% of expenses). At year end it held assets of $102k against liabilities of $0, net assets of $102k. It reported 2 employees.