Bancroft Neighborhood Association

Analysis

Bancroft Neighborhood Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Bancroft Neighborhood Association reported income of $265k and spending of $185k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $265k (+162%), an average of +162% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bancroft Neighborhood Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Neighborhood Falmouth Inc ($265k), North Central Kansas Housing Opportunities Inc ($265k) and Iron Workers Local 60 Education & Training Fund ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Other salaries and wages came to $105k. At year end it held assets of $151k against liabilities of $7,489, net assets of $144k. It reported 1 employees.