DEMOGRAPHIC
ADDRESS
2245 GARNER RD
27610
COUNTY
wake county, NC
IN CARE OF NAME
DWAYNE WEST
ORGANIZATIONAL OVERVIEW & RANKINGS
BAGS FOUNDATION INC is a based in RALEIGH, NC, focused on Youth Development causes , specifically Youth Development Programs, Other. Established in June 2012, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $86,814.00, this ranks 512,052 among 2,656,690 nonprofits nationally (Top 20%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 13,088 out of 80,207 organizations in NC (Top 17%).
In wake county, NC, the organization ranks 1,769 out of 10,332 nonprofits by assets (Top 18%), while locally in raleigh, it stands at 1,325 among 6,106 organizations (Top 22%).
The organization reported annual revenue of $725,377.00, ranking 150,106 nationally (Top 6%) and 4,108 in NC (Top 6%).
Within its specific NTEE classification (O50 - O: Youth Development), which includes 37,455 similar organizations, BAGS FOUNDATION INC ranks 3,160 in assets (Top 9%) and 962 in revenue (Top 3%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2010 and was reinstated on January 15, 2012 .
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
O: Youth Development
NTEE CODE
O50: Youth Development Programs, Other
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Saturday, May 15, 2010;
Reinstated: Sunday, January 15, 2012
TAX PERIOD
12/2016
ACCOUNTING PERIOD
12
INCOME CODE
5: $500,000 to $999,999
INCOME AMOUNT
$725,377.00
FORM 990 REVENUE AMOUNT
$725,377.00
RULING DATE
06/2012
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$86,814.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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