Building for Tomorrow

Analysis

Building for Tomorrow is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Building for Tomorrow reported income of $907k and spending of $909k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $956k to $907k (-5.2%), an average of -1.3% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Building for Tomorrow sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Local Food Solutions ($907k), Heshima Association ($907k) and Northern Moore Family Resource Center Inc ($907k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $710k, net assets of $510k.