Higher Ground Building Company

Analysis

Higher Ground Building Company is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 1999, 27 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Higher Ground Building Company reported income of $2.1m and spending of $3.0m, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.1m (+71%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 125% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Higher Ground Building Company sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Downtown Frederick Partnership Inc ($2.1m), One for the World Inc ($2.1m) and Missouri Goodwill Industries ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $21.4m against liabilities of $27.8m, net assets of -$6.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.