Banyan School Inc

Analysis

Banyan School Inc is a registered charity in United States, based in Fairfield, NJ. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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, Banyan School Inc reported income of $11.0m and spending of $10.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $11.0m (+76%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Banyan School Inc 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 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Cil Realty Inc ($11.0m), Johnston-Lee-Harnett Community Action Incorporated ($11.0m) and Lowcountry AIDS Services ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $307k (2.9% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $3.3m against liabilities of $1.5m, net assets of $1.8m. It reported 146 employees.