Building a Local Economy

Analysis

Building a Local Economy is a registered charity in United States, based in S Royalton, VT. It received its IRS tax-exemption ruling in December 2014, 12 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 (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 a Local Economy reported income of $181k and spending of $185k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $197k to $181k (-7.8%), an average of -7.8% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building a Local Economy sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 43rd percentile within VT. Charities of a similar size with the same main cause include Teo-Chew Association of Greater Philadelphia ($181k), Reach Northwest ($182k) and The Korean American Federation of Orange County ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $93k against liabilities of $636, net assets of $92k.