Logo for "The Bank of America Charitable Foundation Inc"

The Bank of America Charitable Foundation Inc

The Bank of America Charitable Foundation Inc

Charlotte, NC, US
501(c)3
EIN
20-0721133
Open for Solicitation
Private Foundation
Regional Funder
Logo for "The Bank of America Charitable Foundation Inc"

The Bank of America Charitable Foundation Inc

Charlotte, NC, US
501(c)3
EIN
20-0721133
Open for Solicitation
Private Foundation
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$218,843,611

Contributions
>99%
Investments
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$216,335,853

Grants
>99%
Other
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$218,933,111
$218,009,173
0%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,187,776
$664,462
-44%
Other
$104,169
$169,976
+63%
Total Revenues
$220,225,056
$218,843,611
-1%
Expenses
2023
2024
Change
Grants
$225,641,539
$216,309,069
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$0
$3
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$30,778
$26,781
-13%
Total Expenses
$225,672,317
$216,335,853
-4%
Net income
2023
2024
Change
Net income
-$5,447,261
+$2,507,758
-146%
Income Statement
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