James P Banks Foundation
Only null% goes to programs Strong reserves Growing revenue
James P Banks Foundation is a 501(c)(3) organization based in Chicago, Illinois, registered in 2016, with $37,679,459 in FY2024 revenue. CharityIndex grades it B.
128 N May St Fl 2, Chicago, IL, 60607 EIN 47-5582111 Since 2016
Revenue (FY2024)
$37.7M
▲ 8113.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$513K
Net assets
$40.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
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 James P Banks Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating957 mo reserves · +99% margin
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 James P Banks Foundation: 957 mo reserves · +99% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 James P Banks Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
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 James P Banks Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 128 N May St Fl 2, Chicago, IL, 60607
- City
- Chicago
- State
- Illinois
- Subcategory
- Private Foundations
- Website
- …
Financial trends
Revenue grew from $2.5M (FY2015) to $37.7M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $40.9M
Operating margin
98.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$40.9M
Total liabilities
$0
Net assets
$40.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $37,679,459▲8114% | $513,461▲84.7% | $40,949,325▲982% | $40,949,325▲981% | 990PF |
| 2023 | $458,737▼35.9% | $278,069▲2.5% | $3,783,327▼2.4% | $3,788,555▼2.3% | 990PF |
| 2022 | $715,290▼28.4% | $271,350▼8.6% | $3,876,936▲4.7% | $3,876,936▲4.7% | 990PF |
| 2021 | $999,226▲170% | $296,933▼3.6% | $3,702,087▲11.4% | $3,702,087▲11.4% | 990PF |
| 2020 | $370,383▼42.5% | $308,107▼3.8% | $3,322,192▼3.4% | $3,322,192▼3.4% | 990PF |
| 2019 | $644,359▲64.2% | $320,197▲12.3% | $3,438,069▲3.0% | $3,438,069▲3.0% | 990PF |
| 2018 | $392,479▼54.8% | $285,061▲26.6% | $3,336,518▲0.5% | $3,336,518▲0.5% | 990PF |
| 2017 | $868,341▲46.9% | $225,249▲45.1% | $3,320,958▲19.5% | $3,320,958▲19.5% | 990PF |
| 2016 | $591,075▼76.6% | $155,222▲288% | $2,778,528▲12.0% | $2,778,528▲12.0% | 990PF |
| 2015 | $2,521,083 | $39,978 | $2,481,105 | $2,481,105 | 990PF |
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.
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Frequently asked questions
- Is James P Banks Foundation a legitimate nonprofit?
- Yes. James P Banks Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-5582111, based in Chicago, Illinois. Donations are tax-deductible.
- What is James P Banks Foundation's EIN?
- James P Banks Foundation's Employer Identification Number (EIN) is 47-5582111.
- How much revenue does James P Banks Foundation report?
- James P Banks Foundation reported $37,679,459 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does James P Banks Foundation have?
- CharityIndex grades James P Banks Foundation B, based on financial health (reserves and operating margin).
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Data for James P Banks Foundation (EIN 47-5582111) 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.