DEMOGRAPHIC
ADDRESS
4509 PINE TREE CIR
35243
COUNTY
jefferson county, AL
ORGANIZATIONAL OVERVIEW & RANKINGS
THE BANYAN FOUNDATION INC is a based in VESTAVIA, AL, focused on Housing, Shelter causes . Established in June 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $41,567,986.00, this ranks 20,953 among 2,656,690 nonprofits nationally (Top 1%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 171 out of 35,672 organizations in AL (Top 1%).
In jefferson county, AL, the organization ranks 50 out of 7,262 nonprofits by assets (Top 1%), while locally in vestavia, it stands at 1 among 185 organizations (Top 1%).
The organization reported no revenue in the most recent filing period, placing it at 1,827,865 nationally and 25,765 in AL.
Within its specific NTEE classification (L20Z - L: Housing, Shelter), which includes 1,569 similar organizations, THE BANYAN FOUNDATION INC ranks 44 in assets (Top 3%) and 1,502 in revenue (Top 96%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2023 .
The organization files a 990 - Not required to file(all other) 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
Described in section 509 a 2 of the Code
Low and moderate income housing
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
N/A
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
25: Organization terminating its private foundation status under section 507(b)(1)(B) of the Code
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Monday, May 15, 2023;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2018
ACCOUNTING PERIOD
12
INCOME CODE
8: $10,000,000 to $49,999,999
INCOME AMOUNT
$10,238,573.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
06/2020
ASSET CODE
8: $10,000,000 to $49,999,999
ASSET AMOUNT
$41,567,986.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
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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