Building Lives Foundation Inc

Analysis

Building Lives Foundation Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in January 2007, 19 years ago. 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, Building Lives Foundation Inc reported income of $657k and spending of $578k, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $270k to $657k (+143%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Building Lives Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Fox Valley Symphony Orchestra Association Inc ($656k), Opportunity Center Inc ($657k) and Keep Pearland Beautiful ($656k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 7.3% of the total. Other salaries and wages came to $204k. At year end it held assets of $542k against liabilities of $24k, net assets of $518k. It reported 3 employees.