Banisters Leadership Academy

Analysis

Banisters Leadership Academy is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Banisters Leadership Academy reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $427k to $1.1m (+153%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Banisters Leadership Academy sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NE. Charities of a similar size with the same main cause include Aggie Foundation ($1.1m), Friendship Circle of Brooklyn Inc ($1.1m) and Boys and Girls Club of Flagstaff ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (10% of expenses). Other salaries and wages came to $464k. It paid $3,715 in professional fundraising fees. At year end it held assets of $730k against liabilities of $465k, net assets of $265k. It reported 63 employees.