Building One Community Corp

Analysis

Building One Community Corp is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in May 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 One Community Corp reported income of $3.4m and spending of $3.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.4m (+74%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Building One Community Corp sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Living Room Center Inc ($3.4m), Safespace Inc ($3.4m) and Gbapp Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $131k (4.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.0m against liabilities of $536k, net assets of $3.5m. It reported 48 employees.