Financial Overview

True Program Costs: Core Mission Support

Banyan is interested in sharing the true costs of our programs and the vital importance of strong organizational infrastructure. Each of our programs is built around, is supported by, and shares responsibility for Core Mission Support. This visual is one way to accurately present the proportionate costs of our programs in a new format, one that aligns with the strategic and financial reality of how nonprofit organizations really work.

75% of our financial resources directly benefits programming

The growth and effectiveness of our mission work depends on having a solid core at the center of our organization. Investing in our infrastructure is smart, prudent, and absolutely necessary.

2023 Funding Sources

Total Revenue

$1,005,831

Foundations/Corporations $620,332
Individuals $88,070
Government $248,782
Congregations $7,000
Interest/Investment $41,647

2023 Statement of Consolidated Financial Position

Total Assets: $6,537,244
Total Liabilities: $83,225
Total Net Assets: $6,454,019

Total Liabilities & Net Assets: $6,537,244

Charities Review Council "Meets Standards"

FY 2022 – 2023 Final Audit Reports

“I love how Banyan supports families and kids. My kids really enjoy coming here and the educators do a great job.”

Banyan Parent

“I am so grateful for Banyan. I trust Banyan and the staff here with my children, which is very important to me.”

Banyan Parent

“Sometimes I think of moving to the suburbs due to the drug and homeless issues but, then I think of Banyan and my neighbors, friends and family and I say – I CAN NEVER LEAVE PHILLIPS.”

Community Council Member

“I’m glad I came to Banyan this summer or else I would just be at home bored watching TV instead of doing fun things like crafts.”

Banyan Youth

“I’m thankful that we have had Banyan to guide us through this college process. We have never done this before, and don’t know anything about college or financial aid. It was good to know that our son had Banyan to help him understand things and explain the steps.”

Banyan Parent

“Banyan teaches you to stand up for what you know is right, to handle the situation in a respectful manner.”

Banyan Youth

“I give to Banyan because I know that my gift will go a long way both in impact with the community as well as effectiveness with a well-run organization.”

Current Donor