Backpack Buddies of Baker Inc

Analysis

Backpack Buddies of Baker Inc is a registered charity in United States, based in Baker, FL. It received its IRS tax-exemption ruling in February 2021, 5 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 December 2023, Backpack Buddies of Baker Inc reported income of $81k and spending of $100k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $81k (+6.9%), an average of +6.9% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Backpack Buddies of Baker Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Royal Foundation ($81k), Downed Bikers Association Okc Chapter Inc ($81k) and Kind Cars Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.