Community Building Initiative

Analysis

Community Building Initiative is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2005, 21 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 June 2024, Community Building Initiative reported income of $1.0m and spending of $873k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $599k to $1.0m (+72%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 62%. 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, Community Building Initiative sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Startup Virginia ($1.0m), Junior League of Tampa Inc ($1.0m) and Bayfront Nato Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $176k (20% of expenses). Other salaries and wages came to $176k. At year end it held assets of $644k against liabilities of $85k, net assets of $559k. It reported 4 employees.