The Banner School Inc

Analysis

The Banner School Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in June 1983, 43 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Banner School Inc reported income of $1.4m and spending of $1.7m, spending 119% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.0m to $1.4m (-28%), an average of -6.4% a year. The sharpest change came in the year to June 2024, when income dropped by 32%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Banner School Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Larche-Cleveland Inc ($1.4m), LA Puerta de Los Ninos ($1.4m) and Christian Heritage Broadcasting Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.2% and program service revenue 88% of the total. Other salaries and wages came to $960k. At year end it held assets of $591k against liabilities of $526k, net assets of $65k. It reported 57 employees.