Banner Learning Corp

Analysis

Banner Learning Corp is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Banner Learning Corp reported income of $242k and spending of $197k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $242k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Banner Learning Corp sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Roy Douglas Vanderpool Charitable Foundation ($242k), Uss Iowa Ssn-797 Commissioning Committee ($242k) and U S Constitution Scholarship Foundation Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $113k (57% of expenses). Other salaries and wages came to $7,400. At year end it held assets of $532k against liabilities of $102k, net assets of $430k.