Bancroft a New Jersey Nonprofit Corporation

Analysis

Bancroft a New Jersey Nonprofit Corporation is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in July 1929, 97 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 a New Jersey Nonprofit Corporation reported income of $236.9m and spending of $235.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $156.8m to $236.9m (+51%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bancroft a New Jersey Nonprofit Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Lifespace Communities Inc ($236.1m), Springpoint Senior Living Inc ($237.3m) and Food Bank of Central & Eastern North Carolina Inc ($234.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.7m (1.1% of expenses). Other salaries and wages came to $142.5m. At year end it held assets of $244.5m against liabilities of $194.2m, net assets of $50.3m. It reported 3,656 employees.