Banff Centre Foundation

Analysis

Banff Centre Foundation is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending March 2024, Banff Centre Foundation reported income of $739k and spending of $0, leaving 100% of income unspent that year. Across the 2 years on record, from March 2019 to March 2024, income fell from $1.0m to $739k (-27%), an average of -27% a year. The sharpest change came in the year to March 2024, when income dropped by 27%. Over the whole period it spent 0.0% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Banff Centre Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile. Charities of a similar size with the same main cause include Idaho Learning Center ($739k), Pinnacle Classical Academy ($739k) and Weaver Child Development Center Inc ($739k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $47.7m against liabilities of $8.5m, net assets of $39.1m.