Banner Day Learning Corp

Analysis

Banner Day Learning Corp is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in September 2011, 15 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Banner Day Learning Corp reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Banner Day Learning Corp sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Young Womens Christian Association of the Greater Capital Region Inc ($1.5m), Marathon Residential and Counseling Services Inc ($1.5m) and Catchafire Foundation ($1.5m).

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 $100k (6.6% of expenses). Other salaries and wages came to $724k. At year end it held assets of $438k against liabilities of $346k, net assets of $92k.