Ferdinand Building Development Corp

Analysis

Ferdinand Building Development Corp is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ferdinand Building Development Corp reported income of $163k and spending of $96k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $163k (-93%), an average of -48% a year. The sharpest change came in the year to June 2021, when income rose by 156%. Over the whole period it spent 347% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ferdinand Building Development Corp sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Norwood Public Library ($163k), Growing Curiosity ($163k) and NSCC Parent Advisory Council of Parent Cooperative Preschools ($163k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.5m against liabilities of $404k, net assets of $2.1m.