Bancroft School

Analysis

Bancroft School is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bancroft School reported income of $18.6m and spending of $21.7m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.5m to $18.6m (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bancroft School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include New York School of Interior Design ($18.6m), Prodeo Academy ($18.6m) and Brighton Center ($18.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 87% of the total. At year end it held assets of $35.0m against liabilities of $12.4m, net assets of $22.5m. It reported 221 employees.