Community Builders Inc

Analysis

Community Builders Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1964, 62 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Builders Inc reported income of $99.7m and spending of $99.0m, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $11.9m to $99.7m (+737%), an average of +53% a year. The sharpest change came in the year to December 2019, when income rose by 608%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Builders Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include MHT Housing Inc ($99.4m), Florida Pace Centers Inc ($100.1m) and Home-Life Services Inc ($98.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $2.3m (2.3% of expenses). Other salaries and wages came to $50.3m. At year end it held assets of $192.7m against liabilities of $160.1m, net assets of $32.6m. It reported 925 employees.