Backpack Buddies of Metro Atlanta Inc

Analysis

Backpack Buddies of Metro Atlanta Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2022, 4 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 Buddies of Metro Atlanta Inc reported income of $1.2m and spending of $885k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $451k to $1.2m (+170%), an average of +170% a year. The sharpest change came in the year to December 2023, when income rose by 170%. Over the whole period it spent 70% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Backpack Buddies of Metro Atlanta Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Derrick Brooks Charities Inc ($1.2m), Masmudei Talant Group Inc ($1.2m) and Durham Childrens Initiative ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $110k. It paid $12k in professional fundraising fees. At year end it held assets of $734k against liabilities of $94k, net assets of $639k. It reported 3 employees.