Bags Of Love
EIN: 262998882 · Eugene, OR · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.0M |
| Net Assets | $959K |
Is Bags Of Love Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bags Of Love
Bags Of Love (EIN: 262998882) is a nonprofit organization based in Eugene, OR, classified under NTEE code P30. The organization reported total revenue of $1.7M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bags Of Love's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bags Of Love is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$281K |
| Total Assets | $965K |
| Total Liabilities | $5K |
| Net Assets | $959K |
| Operating Margin | 21.9% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 11.5 months |
Financial Health Grade: A
In 2023, Bags Of Love reported a surplus of $281K with revenue exceeding expenses, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bags Of Love's revenue has grown at a compound annual growth rate (CAGR) of 25.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | -3.3% | +41.1% |
| 2022 | +23.3% | +19.8% | +23.1% |
| 2021 | +11.9% | +11.9% | +16.3% |
| 2020 | +22.1% | +23.0% | +17.1% |
| 2019 | +11.2% | +14.4% | +20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bags Of Love has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bags Of Love with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $281K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Bags Of Love
Is Bags Of Love a legitimate charity?
Based on AI analysis of IRS 990 filings, Bags Of Love (EIN: 262998882) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bags Of Love spend its money?
Detailed spending breakdown data is not yet available for Bags Of Love. Check back for updated IRS 990 analysis.
Are donations to Bags Of Love tax-deductible?
Bags Of Love is registered as a tax-exempt nonprofit (EIN: 262998882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bags Of Love located?
Bags Of Love is headquartered in Eugene, Oregon and files with the IRS under EIN 262998882. It is classified under NTEE code P30.
How many years of IRS 990 filings does Bags Of Love have?
Bags Of Love has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
Filing History
IRS 990 filing history for Bags Of Love showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bags Of Love's revenue has grown by 1470.1%, moving from $82K to $1.3M. Total assets increased by 3748.4% over the same period, from $25K to $965K. Total functional expenses rose by 885.9%, from $102K to $1.0M. In its most recent filing year (2023), Bags Of Love reported a surplus of $281K, with revenue exceeding expenses. The organization holds $5K in liabilities against $965K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $959K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.0M | $965K | $5K | — | — |
| 2022 | $1.2M | $1.0M | $684K | $6K | — | View 990 |
| 2021 | $945K | $865K | $555K | $7K | — | View 990 |
| 2020 | $844K | $773K | $477K | $9K | — | — |
| 2019 | $691K | $629K | $408K | $10K | — | View 990 |
| 2018 | $621K | $549K | $337K | $2K | — | View 990 |
| 2017 | $547K | $558K | $267K | $4K | — | View 990 |
| 2016 | $416K | $232K | $275K | $2K | — | View 990 |
| 2015 | $140K | $111K | $96K | $6K | — | View 990 |
| 2014 | $408K | $321K | $227K | $3K | — | View 990 |
| 2013 | $131K | $62K | $137K | $111 | — | View 990 |
| 2012 | $147K | $104K | $68K | $0 | — | View 990 |
| 2011 | $82K | $102K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.0M, and assets of $965K (revenue +10.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.0M, and assets of $684K (revenue +23.3% year-over-year).
- 2021: Revenue of $945K, expenses of $865K, and assets of $555K (revenue +11.9% year-over-year).
- 2020: Revenue of $844K, expenses of $773K, and assets of $477K (revenue +22.1% year-over-year).
- 2019: Revenue of $691K, expenses of $629K, and assets of $408K (revenue +11.2% year-over-year).
- 2018: Revenue of $621K, expenses of $549K, and assets of $337K (revenue +13.5% year-over-year).
- 2017: Revenue of $547K, expenses of $558K, and assets of $267K (revenue +31.6% year-over-year).
- 2016: Revenue of $416K, expenses of $232K, and assets of $275K (revenue +197.8% year-over-year).
- 2015: Revenue of $140K, expenses of $111K, and assets of $96K (revenue -65.8% year-over-year).
- 2014: Revenue of $408K, expenses of $321K, and assets of $227K (revenue +212.6% year-over-year).
- 2013: Revenue of $131K, expenses of $62K, and assets of $137K (revenue -11.1% year-over-year).
- 2012: Revenue of $147K, expenses of $104K, and assets of $68K (revenue +79.6% year-over-year).
- 2011: Revenue of $82K, expenses of $102K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bags Of Love:
Data Sources and Methodology
This transparency report for Bags Of Love is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.