Bannermans Castle Trust Inc

Analysis

Bannermans Castle Trust Inc is a registered charity in United States, based in Glenham, NY. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Bannermans Castle Trust Inc reported income of $752k and spending of $763k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $389k to $752k (+93%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bannermans Castle Trust Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Chester Theatre Company Inc ($751k), Poway Center for the Performing Arts Foundation ($752k) and Garage Cultural Inc ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $68k (8.9% of expenses). Other salaries and wages came to $255k. At year end it held assets of $1.0m against liabilities of $19k, net assets of $1.0m. It reported 38 employees.