Bancroft Foundation Inc

Analysis

Bancroft Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Bancroft Foundation Inc reported income of $830k and spending of $768k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $830k (+2464%), an average of +125% a year. The sharpest change came in the year to December 2021, when income rose by 61089%. Over the whole period it spent 197% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bancroft Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Entrepreneurs Foundation of Central Texas ($830k), Peter Michael Foundation ($831k) and The Cheesecake Factory-Oscar and Evelyn Overton Charitable Foundati ($829k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $663k against liabilities of $0, net assets of $663k.