My Stuff Bags Foundation

Analysis

My Stuff Bags Foundation is a registered charity in United States, based in Westlake VLG, CA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover human services, 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, My Stuff Bags Foundation reported income of $2.6m and spending of $2.4m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.6m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Stuff Bags Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include The Avenue Family Network Inc ($2.6m), Intercultural Senior Center ($2.6m) and Olmsted Assisted Living Corporation ($2.6m).

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 $274k. At year end it held assets of $5.2m against liabilities of $791k, net assets of $4.5m. It reported 7 employees.