Jessie Banks Foundation

Analysis

Jessie Banks Foundation is a registered charity in United States, based in Englewood Cliffs, NJ. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jessie Banks Foundation reported income of $182k and spending of $172k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $182k (+54%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 253%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jessie Banks Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Arizona Technology in Education Association ($182k), Chester Street Foundation ($182k) and Inspire Learning Academy Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.