Lumber and Building Material Dealers Foundation

Analysis

Lumber and Building Material Dealers Foundation is a registered charity in United States, based in Rensselaer, NY. It received its IRS tax-exemption ruling in June 1968, 58 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lumber and Building Material Dealers Foundation reported income of $546k and spending of $672k, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $742k to $546k (-26%), an average of -7.4% a year. The sharpest change came in the year to September 2020, when income dropped by 37%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lumber and Building Material Dealers Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Downtown Action Organization Incorporated ($546k), Refuge Bowling Green ($546k) and Suited for Change ($546k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $7,645 (1.1% of expenses). Other salaries and wages came to $137k. At year end it held assets of $1.8m against liabilities of $200k, net assets of $1.6m.