Build Commonwealth Inc

Analysis

Build Commonwealth Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, Build Commonwealth Inc reported income of $2.1m and spending of $5.6m, spending 272% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $11.4m to $2.1m (-82%), an average of -35% a year. The sharpest change came in the year to September 2022, when income rose by 298%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Build Commonwealth Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include All Saints Early Learning and Community Care Center Inc ($2.1m), Needlink Nashville ($2.1m) and Floodwood Services and Training Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $227k (4.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $4.6m against liabilities of $820k, net assets of $3.8m. It reported 31 employees.