Robert J and Jennifer J Banks Charitable Tr
Only null% goes to programs Strong reserves Declining revenue
Robert J and Jennifer J Banks Charitable Tr is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2004, with $963,698 in FY2024 revenue. CharityIndex grades it C+.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 20-6296856 Since 2004
Revenue (FY2024)
$964K
▼ 29.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$774K
Net assets
$11.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Robert J and Jennifer J Banks Charitable Tr— 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 rating175 mo reserves · +20% 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 Robert J and Jennifer J Banks Charitable Tr: 175 mo reserves · +20% 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 Robert J and Jennifer J Banks Charitable Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Robert J and Jennifer J Banks Charitable Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $1.4M (FY2013) to $964K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $11.3M
Operating margin
19.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$11.3M
Total liabilities
$0
Net assets
$11.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $963,698▼29.1% | $774,005▲28.1% | $11,257,677▲1.7% | $11,257,677▲1.7% | 990PF |
| 2023 | $1,358,816▲281% | $604,007▼18.6% | $11,067,984▲7.3% | $11,067,984▲7.3% | 990PF |
| 2022 | $356,353▼84.2% | $741,617▲10.2% | $10,313,175▼3.6% | $10,313,175▼3.6% | 990PF |
| 2021 | $2,251,646▲165% | $672,736▲57.5% | $10,698,439▲17.3% | $10,698,439▲17.3% | 990PF |
| 2020 | $848,470▲147% | $427,161▼3.4% | $9,118,529▲4.8% | $9,118,529▲4.8% | 990PF |
| 2019 | $343,866▼59.6% | $442,118▼6.0% | $8,697,220▼1.1% | $8,697,220▼1.1% | 990PF |
| 2018 | $850,996▼34.1% | $470,457▼10.2% | $8,795,472▲4.5% | $8,795,472▲4.5% | 990PF |
| 2017 | $1,291,000▼5.4% | $524,001▲29.1% | $8,414,933▲10.0% | $8,414,933▲10.0% | 990PF |
| 2016 | $1,365,359▲4.4% | $405,947▲3.6% | $7,647,934▲14.3% | $7,647,934▲14.3% | 990PF |
| 2015 | $1,308,252▲51.0% | $391,955▲21.4% | $6,688,522▲15.9% | $6,688,522▲15.9% | 990PF |
| 2014 | $866,166▼37.2% | $322,897▼20.4% | $5,772,225▲10.4% | $5,772,225▲10.4% | 990PF |
| 2013 | $1,379,918 | $405,560▲106% | $5,228,956▲22.9% | $5,228,956▲22.9% | 990PF |
| 2012 | — | $196,545▼24.0% | $4,254,598▲43.9% | $4,254,598▲43.9% | 990PF |
| 2011 | — | $258,449▲107% | $2,956,301▲16.3% | $2,956,301▲16.3% | 990PF |
| 2010 | — | $124,719 | $2,541,313 | $2,541,313 | 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 Robert J and Jennifer J Banks Charitable Tr a legitimate nonprofit?
- Yes. Robert J and Jennifer J Banks Charitable Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-6296856, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Robert J and Jennifer J Banks Charitable Tr's EIN?
- Robert J and Jennifer J Banks Charitable Tr's Employer Identification Number (EIN) is 20-6296856.
- How much revenue does Robert J and Jennifer J Banks Charitable Tr report?
- Robert J and Jennifer J Banks Charitable Tr reported $963,698 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Robert J and Jennifer J Banks Charitable Tr have?
- CharityIndex grades Robert J and Jennifer J Banks Charitable Tr C+, based on financial health (reserves and operating margin).
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Data for Robert J and Jennifer J Banks Charitable Tr (EIN 20-6296856) 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.