Joseph C Bancroft Charitable & Educational Fund

Analysis

Joseph C Bancroft Charitable & Educational Fund is a registered charity in United States, based in McComb, MS. It received its IRS tax-exemption ruling in August 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joseph C Bancroft Charitable & Educational Fund reported income of $6.2m and spending of $4.8m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $6.2m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joseph C Bancroft Charitable & Educational Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MS. Charities of a similar size with the same main cause include TSF Services ($6.2m), Unidos Investment Fund Inc ($6.2m) and Cary Brown Family Foundation ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% of the total. Compensation of current officers, directors and key employees was $768k (16% of expenses). At year end it held assets of $201.0m against liabilities of $19.3m, net assets of $181.7m.