The Collective at Building Hope

Analysis

The Collective at Building Hope is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in March 2015, 11 years ago. 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 August 2023, The Collective at Building Hope reported income of $375k and spending of $364k, spending 97% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $250k to $375k (+50%), an average of +22% a year. The sharpest change came in the year to August 2022, when income rose by 46%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Collective at Building Hope sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within TN. Charities of a similar size with the same main cause include Gateway Hemophilia Association ($375k), Beta Alpha Psi National Council ($375k) and Oxford County Agricultural Society ($375k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $13k (3.5% of expenses). Other salaries and wages came to $108k. At year end it held assets of $571k against liabilities of $4,473, net assets of $567k. It reported 17 employees.