Bank of America Charitable Foundation INC
Charlotte, North Carolina
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Below Average
How This Organization Compares
Compared to 20 peers in Philanthropy, Voluntarism & Grantmaking with <$100K revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
10 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $220,225,056↑186% | $225,672,317↓28% | $7,556,845↓42% | |
| 2022 | $76,977,118↓86% | $314,984,193↑3% | $13,022,222↓95% | — |
| 2021 | $549,442,310↑80% | $306,658,997↓1% | $249,985,331↑2703% | — |
| 2020 | $304,713,216↑47% | $309,132,560↑51% | $8,919,572↓33% | — |
| 2019 | $207,650,476↑38% | $204,744,088↑37% | $13,409,522↑143% | — |
| 2015 | $150,642,293↓7% | $149,197,347↓15% | $5,512,936↑36% | — |
| 2014 | $162,658,915↑12% | $175,756,508↑10% | $4,067,990↓76% | — |
| 2013 | $145,597,853↑20% | $160,489,893↓8% | $17,165,583↓46% | — |
| 2012 | $120,994,051↓56% | $175,303,678↓12% | $32,057,623↓63% | — |
| 2011 | $274,950,638 | $198,332,854 | $86,367,250 | — |
Frequently Asked Questions
What does Bank of America Charitable Foundation INC do?▼
Bank of America Charitable Foundation INC is a philanthropy, voluntarism & grantmaking nonprofit organization based in North Carolina. It is classified under NTEE code T20 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Bank of America Charitable Foundation INC financially healthy?▼
Based on our 9-metric Financial Health Score model, Bank of America Charitable Foundation INC has a score of 42/100 (Grade: C). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Bank of America Charitable Foundation INC generate?▼
Revenue data for Bank of America Charitable Foundation INC is sourced from IRS filings. Detailed financial breakdowns may be available on the organization's Form 990.
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