Housing & Shelter (L80) IRS Verified DX Registered

THE BANKS LAW FIRM FOUNDATION

EIN: 56-2226319 · DURHAM, NC 27703-8045 · United States

1 out of 5 12 / 100 Based on summary figures only

Financial strength (30%) No data yet

Reliability (20%) 20/100

Effectiveness (25%) 33/100

Impact (25%) No data yet

Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

The Banks Foundation is a tax-exempt organization that assists families who are moving from welfare to work and from public housing to private homeownership. Over the years, the Foundation has provided down payment assistance to families who have qualified to purchase their first home. The Foundation can assist many other families who have demonstrated their desire and ability to move up and out.

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Organization Details

EIN: 56-2226319
State: NC
City: DURHAM
ZIP: 27703-8045
Classification: L80
Category: Housing & Shelter
Rating: 1★
Coverage: D
Last Updated: Aug 2026
IRS Ruling Year: 2000
Foundation Code: 15

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
An organization that is not in good standing with its registry (for example a revoked tax exemption) is shown as Not rated.
"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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