The Bancroft School

Analysis

The Bancroft School is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Bancroft School reported income of $3.3m and spending of $3.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $3.3m (-8.5%), an average of -2.2% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Bancroft School sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include The Center for Black Womens Wellness CBWW Inc ($3.3m), Taylors Free Medical Clinic Inc ($3.3m) and Community Violence Solutions ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $237k (7.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $7.1m against liabilities of $6.6m, net assets of $488k. It reported 53 employees.