Civic Builders Inc

Analysis

Civic Builders Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2002, 24 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, Civic Builders Inc reported income of $12.2m and spending of $11.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.7m to $12.2m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Civic Builders Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Lutheran Sunset Ministries ($12.2m), Midpen Resident Services Corporation ($12.2m) and Transitional Housing Corporation ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.6m (14% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $113.2m against liabilities of $49.9m, net assets of $63.3m. It reported 28 employees.