Eaglebank Foundation Inc

Analysis

Eaglebank Foundation Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in June 2006, 20 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, Eaglebank Foundation Inc reported income of $291k and spending of $361k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $291k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 115% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eaglebank Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Western North Carolina Real Estate Foundation Inc ($291k), Tampa Bay Area Credit Unions for Kids Inc ($291k) and Golden Valley Bank Communityfoundation ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 126% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.