National Bankers Community Alliance Inc

Analysis

National Bankers Community Alliance Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Bankers Community Alliance Inc reported income of $1.7m and spending of $2.3m, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $11.7m to $1.7m (-85%), an average of -85% a year. The sharpest change came in the year to December 2023, when income dropped by 85%. Over the whole period it spent 22% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, National Bankers Community Alliance Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include Seeds of Literacy ($1.7m), Desert View Inc ($1.7m) and Cardinal Ritter Institute Residential Services Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $67k (2.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $11.5m against liabilities of $272k, net assets of $11.2m. It reported 14 employees.