Bank of Amercia Retiree Group Benefits Program
Dallas, TX 75265 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $219,185,648 | $228,368,132 | $88,108,218 |
| FY2023 | $198,807,855 | $208,461,598 | $97,290,702 |
| FY2022 | $208,432,444 | $218,861,752 | $106,944,445 |
| FY2021 | $197,895,743 | $223,979,700 | $117,373,753 |
| FY2020 | $175,941,523 | $230,776,064 | $143,457,710 |
| FY2019 | $163,245,651 | $216,393,287 | $198,292,251 |
| FY2018 | $154,405,777 | $202,965,890 | $251,439,887 |
Form 990 filings
The returns filed by Bank of Amercia Retiree Group Benefits Program (EIN 30-6599079), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $214,000,864 | 98% |
| Other revenue | $5,184,784 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $228,368,132 | 100% |
| Management & general | $0 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 98% of total revenue in FY2024.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2024. That is higher than 66.4% of 110 Mutual & Membership Benefit organizations nationwide (too few in TX for a state comparison).
- Net assets covered about 4.6 months of expenses at the end of the reporting year. That puts it in the 16th percentile among 256 Mutual & Membership Benefit organizations in TX.
- Total revenue was higher than 98.1% of 265 Mutual & Membership Benefit organizations in TX.
- Total revenue rose from $154,405,777 in FY2018 to $219,185,648 in FY2024. Revenue increased in 5 and decreased in 1 of 6 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 7 reported years (FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- Net assets declined from $251,439,887 to $88,108,218 between FY2018 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROVIDE CERTAIN HEALTH AND WELFARE BENEFITS TO ELIGIBLE RETIREES AND THEIR ELIGIBLE DEPENDENTS.
IRS status
| Ruling year | 2019 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y43 — Mutual & Membership Benefit (in TX) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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