Board of Governors of the Banff Centre

Analysis

Board of Governors of the Banff Centre is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in July 1987, 39 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending March 2024, Board of Governors of the Banff Centre reported income of $54.8m and spending of $53.3m, spending 97% of its income. Across the 6 years on record, from March 2019 to March 2024, income fell from $71.8m to $54.8m (-24%), an average of -5.2% a year. The sharpest change came in the year to March 2021, when income dropped by 51%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Board of Governors of the Banff Centre sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile. Charities of a similar size with the same main cause include The Immigrant and Refugee Community Organization ($54.8m), McKenzie County Healthcare Systems Inc ($54.9m) and Mabel Pew Myrin Trust ($54.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 39% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $2.6m (4.9% of expenses). Other salaries and wages came to $23.3m. At year end it held assets of $224.5m against liabilities of $163.8m, net assets of $60.7m.