Robert J And Jennifer J Banks Charitable Tr
Robert J And Jennifer J Banks Charitable Tr maintains strong asset growth with zero reported officer compensation.
EIN: 206296856 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Robert J And Jennifer J Banks Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Robert J And Jennifer J Banks Charitable Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Robert J And Jennifer J Banks Charitable Tr
Robert J And Jennifer J Banks Charitable Tr (EIN: 206296856) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $3.1M and total assets of $11.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Robert J And Jennifer J Banks Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Robert J And Jennifer J Banks Charitable Tr is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $604K |
| Surplus / Deficit | +$755K |
| Total Assets | $11.1M |
| Total Liabilities | $1 |
| Net Assets | $11.1M |
| Operating Margin | 55.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 219.9 months |
Financial Health Grade: A
In 2023, Robert J And Jennifer J Banks Charitable Tr reported a surplus of $755K with revenue exceeding expenses, holds 219.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Robert J And Jennifer J Banks Charitable Tr's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +281.3% | -18.6% | +7.3% |
| 2022 | -84.2% | +10.2% | -3.6% |
| 2021 | +165.4% | +57.5% | +17.3% |
| 2020 | +146.7% | -3.4% | +4.8% |
| 2019 | -73.7% | +12.8% | +30.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Robert J And Jennifer J Banks Charitable Tr with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Robert J And Jennifer J Banks Charitable Tr allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $755K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the trust operates without paid officers. This is highly efficient for an organization of its size, with assets exceeding $11 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Robert J And Jennifer J Banks Charitable Tr's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses in available data, making precise program vs. admin allocation an estimation.
Strengths
The following positive indicators were identified for Robert J And Jennifer J Banks Charitable Tr:
- Consistent asset growth, from $2.9M in 2011 to $11M in 2023.
- Zero reported officer compensation across all filings, indicating high operational efficiency.
- Very low liabilities ($1 consistently), demonstrating strong financial management.
- Consistent IRS 990 filing history, enhancing transparency.
Frequently Asked Questions about Robert J And Jennifer J Banks Charitable Tr
Is Robert J And Jennifer J Banks Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Robert J And Jennifer J Banks Charitable Tr (EIN: 206296856) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Robert J And Jennifer J Banks Charitable Tr spend its money?
Robert J And Jennifer J Banks Charitable Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Robert J And Jennifer J Banks Charitable Tr tax-deductible?
Robert J And Jennifer J Banks Charitable Tr is registered as a tax-exempt nonprofit (EIN: 206296856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Robert J And Jennifer J Banks Charitable Tr a good charity?
Based on its financial filings, the Robert J And Jennifer J Banks Charitable Tr appears to be a well-managed private foundation. It demonstrates strong asset growth, minimal liabilities, and reports 0% officer compensation, indicating high efficiency in its operations. Its consistent 990 filings provide good transparency.
What is the primary purpose of this organization?
As a charitable trust (NTEE Code T22), its primary purpose is likely to make grants and distributions to other charitable organizations or for charitable purposes, rather than direct program delivery. The consistent expenses without officer compensation support this model.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $2,956,301 in 2011 to $11,067,984 in 2023. This represents substantial growth and a strong financial position.
Filing History
IRS 990 filing history for Robert J And Jennifer J Banks Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Robert J And Jennifer J Banks Charitable Tr's revenue has grown by 101.8%, moving from $673K to $1.4M. Total assets increased by 274.4% over the same period, from $3.0M to $11.1M. Total functional expenses rose by 133.7%, from $258K to $604K. In its most recent filing year (2023), Robert J And Jennifer J Banks Charitable Tr reported a surplus of $755K, with revenue exceeding expenses. The organization holds $1 in liabilities against $11.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $604K | $11.1M | $1 | — | — |
| 2022 | $356K | $742K | $10.3M | $1 | — | View 990 |
| 2021 | $2.3M | $673K | $10.7M | $1 | — | View 990 |
| 2020 | $848K | $427K | $9.1M | $1 | — | — |
| 2019 | $344K | $442K | $8.7M | $1 | — | View 990 |
| 2015 | $1.3M | $392K | $6.7M | $1 | — | View 990 |
| 2014 | $866K | $323K | $5.8M | $1 | — | View 990 |
| 2013 | $1.4M | $406K | $5.2M | $1 | — | View 990 |
| 2012 | $1.5M | $197K | $4.3M | $1 | — | View 990 |
| 2011 | $673K | $258K | $3.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $604K, and assets of $11.1M (revenue +281.3% year-over-year).
- 2022: Revenue of $356K, expenses of $742K, and assets of $10.3M (revenue -84.2% year-over-year).
- 2021: Revenue of $2.3M, expenses of $673K, and assets of $10.7M (revenue +165.4% year-over-year).
- 2020: Revenue of $848K, expenses of $427K, and assets of $9.1M (revenue +146.7% year-over-year).
- 2019: Revenue of $344K, expenses of $442K, and assets of $8.7M (revenue -73.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $392K, and assets of $6.7M (revenue +51.0% year-over-year).
- 2014: Revenue of $866K, expenses of $323K, and assets of $5.8M (revenue -37.2% year-over-year).
- 2013: Revenue of $1.4M, expenses of $406K, and assets of $5.2M (revenue -7.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $197K, and assets of $4.3M (revenue +122.0% year-over-year).
- 2011: Revenue of $673K, expenses of $258K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Robert J And Jennifer J Banks Charitable Tr:
Data Sources and Methodology
This transparency report for Robert J And Jennifer J Banks Charitable Tr is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.