BANAI FOUNDATION
RESTON,
Virginia,
20191
EIN: 87-1315358
Philanthropy, Voluntarism and Grantmaking Foundations
MISSION
The organization mission is to help support and promote financial education to communities in third world counties. The organization will also help support mens mental health such as depression, stress, anxiety, etc.
DEMOGRAPHIC
ADDRESS
2341 BEDFORDSHIRE CIR
20191
COUNTY
fairfax county, VA
IN CARE OF NAME
ALI BANAI
ORGANIZATIONAL OVERVIEW & RANKINGS
BANAI FOUNDATION is a based in RESTON, VA, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Philanthropy, Charity, Voluntarism Promotion, General. Established in December 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $171,875.00, this ranks 427,464 among 2,656,690 nonprofits nationally (Top 17%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 11,305 out of 73,265 organizations in VA (Top 16%).
In fairfax county, VA, the organization ranks 1,767 out of 10,683 nonprofits by assets (Top 17%), while locally in reston, it stands at 264 among 955 organizations (Top 27%).
The organization reported annual revenue of $168,800.00, ranking 313,036 nationally (Top 12%) and 8,909 in VA (Top 13%).
Within its specific NTEE classification (T50 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 11,449 similar organizations, BANAI FOUNDATION ranks 851 in assets (Top 8%) and 534 in revenue (Top 5%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T50: Philanthropy, Charity, Voluntarism Promotion, General
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$168,800.00
FORM 990 REVENUE AMOUNT
$168,800.00
RULING DATE
12/2021
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$171,875.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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