Schools of Banking

Analysis

Schools of Banking is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in October 1977, 49 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 December 2023, Schools of Banking reported income of $716k and spending of $659k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $624k to $716k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schools of Banking sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NE. Charities of a similar size with the same main cause include New Jersey Festival Orchestra ($716k), Eastern North Carolina Food Commercialization Center ($716k) and St Pauls Home Inc ($715k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $144k (22% of expenses). Other salaries and wages came to $71k. At year end it held assets of $585k against liabilities of $80k, net assets of $506k. It reported 2 employees.