C B a I Foundation for Community Banking

Analysis

C B a I Foundation for Community Banking is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, C B a I Foundation for Community Banking reported income of $78k and spending of $132k, spending 169% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $65k to $78k (+19%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 173% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, C B a I Foundation for Community Banking sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Four Corners Chapter of the American Petroleum Institute ($78k), St Augustine-Ketterlinus High School Alumni Association Inc ($78k) and Advanced Math and Science Academy Soaring Eagles Foundation Inc ($78k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $1.3m against liabilities of $17k, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.