Building Industry Charitable Foundation Inc

Analysis

Building Industry Charitable Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Industry Charitable Foundation Inc reported income of $172k and spending of $188k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $172k (+304%), an average of +304% a year. The sharpest change came in the year to December 2023, when income rose by 304%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Building Industry Charitable Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include Valley of Joplin Scottish Rite Care Inc ($172k), Indigenous Vision ($172k) and Alton N Scott Charitable TR ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 25% of the total. At year end it held assets of $102k against liabilities of $42k, net assets of $61k.