Building on Love Inc

Analysis

Building on Love Inc is a registered charity in United States, based in Cohoes, NY. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2024, Building on Love Inc reported income of $393k and spending of $372k, spending 95% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $328k to $393k (+20%), an average of +9.4% a year. The sharpest change came in the year to May 2024, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Building on Love Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Gasconade County Fair Foundation Incorporated ($393k), 2040 Foundation Inc ($393k) and Abc Cayuga Inc ($393k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 22% of the total. Compensation of current officers, directors and key employees was $112k (30% of expenses). Other salaries and wages came to $24k. At year end it held assets of $368k against liabilities of $0, net assets of $368k. It reported 3 employees.