Market Building Foundation Inc

Analysis

Market Building Foundation Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in April 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Market Building Foundation Inc reported income of $285k and spending of $545k, spending 191% of what it took in. Over the whole period it spent 200% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Market Building Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Building & Construction Workforce Center ($285k), Wichita County Economic Development Inc ($285k) and Society to Benefit Everyone Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $92k (17% of expenses). Other salaries and wages came to $49k. At year end it held assets of $6.9m against liabilities of $71k, net assets of $6.8m. It reported 2 employees.

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.