Banfield Better Together Fund

Analysis

Banfield Better Together Fund is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Banfield Better Together Fund reported income of $145k and spending of $94k, leaving 35% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $369k to $145k (-61%), an average of -27% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Banfield Better Together Fund sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within WA. Charities of a similar size with the same main cause include Llano Crawfish Open Inc ($145k), Sarah Michelle Peterson Foundation ($145k) and Joann and Thomas Adler Family Foundation ($145k).

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 $14k (15% of expenses). Other salaries and wages came to $11k. At year end it held assets of $539k against liabilities of $5,218, net assets of $534k.