Build Love and Hope Inc

Analysis

Build Love and Hope Inc is a registered charity in United States, based in N Arlington, NJ. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Build Love and Hope Inc reported income of $987k and spending of $873k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $780k to $987k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Build Love and Hope Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Future Choices Inc ($986k), SJMC Senior Housing Development Fund Corporation ($988k) and Hawaii Homeownership Center ($986k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $642k against liabilities of $0, net assets of $642k.