Benjamin M Banks Jr Memorial Foundation is a 501(c)(3) organization based in Beaver Falls, Pennsylvania, registered in 2021, with $456,008 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$456K
▲ 172.8% vs prior year
Human Services median: $293K
Expenses (FY2024)
$24K
Net assets
$674K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Benjamin M Banks Jr Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Benjamin M Banks Jr Memorial Foundation: 339 mo reserves · +95% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Benjamin M Banks Jr Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Benjamin M Banks Jr Memorial Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $94K (FY2022) to $456K (FY2024) across 3 reported years.
Financial snapshot
Operating margin
94.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$674K
Total liabilities
$103
Net assets
$674K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $456,008▲173% | $23,813▼42.3% | $673,565▲179% | $673,668▲179% | 990 |
| 2023 | $167,159▲77.1% | $41,244▲1689% | $241,370▲144% | $241,370▲144% | 990EZ |
| 2022 | $94,378 | $2,306 | $99,023 | $99,023 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
2 grants to Benjamin M Banks Jr Memorial Foundation totaling $151K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $82,200 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $68,500 |
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Data for Benjamin M Banks Jr Memorial Foundation (EIN 86-2785954) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.