Bancroft Community Foundation Inc

Analysis

Bancroft Community Foundation Inc is a registered charity in United States, based in Algona, IA. It received its IRS tax-exemption ruling in March 1998, 28 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 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, Bancroft Community Foundation Inc reported income of $152k and spending of $35k, leaving 77% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $135k to $152k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 1817%. Over the whole period it spent 20% 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 Community Foundation Inc 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 48th percentile, and in the 47th percentile within IA. Charities of a similar size with the same main cause include Nuestra Senora de LA Vivienda Community Foundation Inc ($152k), Kxly Community Partners Foundation ($152k) and Friends of the Manhattan School for Children Inc ($152k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $3.4m against liabilities of $180k, net assets of $3.2m.