Bank Information Center

Analysis

Bank Information Center is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 December 2023, Bank Information Center reported income of $2.9m and spending of $2.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.9m (+107%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 137%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bank Information Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 73rd percentile within DC. Charities of a similar size with the same main cause include Marian Center Charitable Trust ($2.9m), Michigan Rural Water Association ($2.9m) and Society for Pediatric Anesthesia ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $147k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.1m against liabilities of $1.2m, net assets of $1.9m.