Building Blocks of Kalamazoo

Analysis

Building Blocks of Kalamazoo is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Building Blocks of Kalamazoo reported income of $792k and spending of $339k, leaving 57% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $356k to $792k (+123%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 202%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building Blocks of Kalamazoo sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Ennis Main Street ($792k), Building Memphis ($792k) and Teamsters Local 237 Training and Educational Fund ($792k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (19% of expenses). Other salaries and wages came to $87k. At year end it held assets of $717k against liabilities of $6,746, net assets of $711k. It reported 3 employees.