North Carolina · Nonprofit
BAGS OF HOPE
BAGS OF HOPE (North Carolina) receives grants from 31 organizations whose IRS filings report $635,003 to it, the largest being FOUNDATION FOR THE CAROLINAS ($123,000). 17 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $252k
- Funders on record
- 31
- Grants received
- $635k
- Net assets
- $339k
What Bags of Hope does
Mission
Bags of Hope seeks to bring hope to the Lake Norman and North Charlotte, NC, area by supplying free weekend food provisions to schoolchildren who experience food insecurity.
As stated on its FY2024 Form 990.
Program
Backpack program - distribution of weekend food bags and long-break/holiday grocery store gift cards. Distributed to school children in Charlotte, NC, metro area who experience food insecurity. Over 700 children served weekly during the school year at 33 local schools.
$347,695 spent$245,091 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $347,695.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $308k to $469k (+52%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 0% · 2020 3% · 2021 3% · 2022 4% · 2023 6% · 2024 15%. Grants only. Government contracts and fees sit inside program revenue.
97% of BAGS OF HOPE’s revenue is contributions — more donation-reliant than the typical peer (94% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2018 → 2023: the base broadened from 1 funder to 13 funders, grant income rose $2k → $74k.
11 of 31 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 61% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of BAGS OF HOPE’s funders (the co-funder graph). Top 30 of 31 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
BAGS OF HOPE has a broad base — no single funder exceeds 19% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
69% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BAGS OF HOPE.
Largest funder’s share by year: 2018 100% · 2019 40% · 2020 47% · 2021 31% · 2022 22% · 2023 20% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
42% of BAGS OF HOPE's funders are still giving 3 years after their first grant; 55% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
61% of BAGS OF HOPE's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $249k that is directly attributable, 80% of it comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $386k arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
BAGS OF HOPE is better cushioned than half of the 2,975 food & nutrition nonprofits its size.
this organization peer median middle 50% of peers· 2,975 food & nutrition nonprofits $100k–$1M, FY2024
Organizations like BAGS OF HOPE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
91% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for BAGS OF HOPE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds BAGS OF HOPE?
- BAGS OF HOPE (North Carolina) receives grants from 31 organizations whose IRS filings report $635,003 to it, the largest being FOUNDATION FOR THE CAROLINAS ($123,000). 17 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does BAGS OF HOPE have?
- IRS filings report 31 organizations giving $635,003 in grants to BAGS OF HOPE, 17 of which have funded it in more than one year.
- Who is the largest funder of BAGS OF HOPE?
- FOUNDATION FOR THE CAROLINAS is the largest funder on record, with $123,000 in grants. The full list of funders is on this page.
- How can an organization like BAGS OF HOPE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 31 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing