Banyan Resources Inc

Analysis

Banyan Resources Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Banyan Resources Inc reported income of $52k and spending of $85k, spending 163% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $52k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Banyan Resources Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include Pollinate Group ($52k), Agora Cuba Inc ($52k) and California International Relations Foundation ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $170k against liabilities of $0, net assets of $170k.