Building Dreams Incorporated

Analysis

Building Dreams Incorporated is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Building Dreams Incorporated reported income of $54k and spending of $84k, spending 156% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $50k to $54k (+8.2%), an average of +2.0% a year. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Building Dreams Incorporated sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within KY. Charities of a similar size with the same main cause include Supportive Housing Inc ($54k), Gamwell Development Corporation ($54k) and On Our Way Home Inc ($54k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $745k against liabilities of $3,728, net assets of $742k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.