Building Families for Children

Analysis

Building Families for Children is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in September 2014, 12 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 for Children reported income of $1.8m and spending of $1.9m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.2m to $1.8m (-17%), an average of -6.1% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. 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 for Children 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 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include United Family Services Inc ($1.8m), Learning Together Inc ($1.8m) and San Antonio Independent Living Services ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $120k (6.2% of expenses). Other salaries and wages came to $579k. At year end it held assets of $1.1m against liabilities of $152k, net assets of $949k. It reported 18 employees.