Building Futures Inc

Analysis

Building Futures Inc is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2024, Building Futures Inc reported income of $77k and spending of $112k, spending 145% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $74k to $77k (+3.8%), an average of +0.9% a year. Over the whole period it spent 129% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Building Futures Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NE. Charities of a similar size with the same main cause include An Elderly Wish Foundation ($77k), Diepcjourney ($77k) and Research Foundation for the Treatment of Ovarian Cancer Inc ($77k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Other salaries and wages came to $15k. At year end it held assets of $369k against liabilities of $20k, net assets of $350k.

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.