Bancroft Inc Workers Compensation Trust

Analysis

Bancroft Inc Workers Compensation Trust is a registered charity in United States, based in N Brunswick, NJ. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bancroft Inc Workers Compensation Trust reported income of $6.1m and spending of $6.0m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.9m to $6.1m (+112%), an average of +21% a year. The sharpest change came in the year to June 2024, when income rose by 56%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bancroft Inc Workers Compensation Trust sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Enterprise Center of Johnson County ($6.1m), Communicare Inc ($6.1m) and NW Works Inc ($6.1m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $432k against liabilities of $2.2m, net assets of -$1.8m.