My Bag My Story

Analysis

My Bag My Story is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in August 2019, 7 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, My Bag My Story reported income of $263k and spending of $84k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $263k (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 34% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Bag My Story sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Westlawn Youth Network ($263k), Desert Waters Correctional Outreach ($263k) and Deal First Aid Squad Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $20k (24% of expenses). At year end it held assets of $324k against liabilities of $3,621, net assets of $321k. It reported 1 employees.