Day 1 Bags

Analysis

Day 1 Bags is a registered charity in United States, based in Boerne, TX. It received its IRS tax-exemption ruling in April 2020, 6 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, Day 1 Bags reported income of $775k and spending of $777k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $357k to $775k (+118%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 153%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Day 1 Bags sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Lotus Outreach ($775k), The Fit Kids Foundation Inc ($776k) and Chica ($775k).

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 $117k (15% of expenses). At year end it held assets of $60k against liabilities of $4,732, net assets of $56k. It reported 3 employees.