Backpack Society

Analysis

Backpack Society is a registered charity in United States, based in HGHLNDS Ranch, CO. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Backpack Society reported income of $454k and spending of $389k, spending 86% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $286k to $454k (+59%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Backpack Society sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Fox Families Care ($454k), Rebuilding Macon Inc ($454k) and Rathbun Lake Area YMCA ($454k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $315k against liabilities of $0, net assets of $315k.