Building Futures

Analysis

Building Futures is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 May 2024, Building Futures reported income of $705k and spending of $552k, leaving 22% of income unspent that year. Across the 4 years on record, from May 2021 to May 2024, income grew from $262k to $705k (+169%), an average of +39% a year. The sharpest change came in the year to May 2022, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Building Futures sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within MO. Charities of a similar size with the same main cause include For the Future Inc ($704k), Preston County Youth Center Incorporated ($705k) and Distinguished Young Women Foundation ($704k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 38% and program service revenue 61% of the total. Other salaries and wages came to $314k. At year end it held assets of $748k against liabilities of $12k, net assets of $737k. It reported 20 employees.