Building Families

Analysis

Building Families is a registered charity in United States, based in Clarion, IA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Building Families reported income of $818k and spending of $820k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $546k to $818k (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Building Families sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within IA. Charities of a similar size with the same main cause include Open Cupboard Food Pantry Inc ($818k), Harry Tompson Center Inc ($819k) and Metropolitan Oasis Community Development Center ($818k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $82k (10% of expenses). Other salaries and wages came to $147k. At year end it held assets of $459k against liabilities of $189k, net assets of $269k. It reported 3 employees.