Backpack Friends Inc

Analysis

Backpack Friends Inc is a registered charity in United States, based in Swansboro, NC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Backpack Friends Inc reported income of $322k and spending of $320k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $259k to $322k (+24%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 80% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Backpack Friends Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Know2 ($321k), Comeragh Wilderness Camp ($322k) and Hatch HSV ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $305k against liabilities of $72, net assets of $305k.