Building and Impacting Communities Inc

Analysis

Building and Impacting Communities Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 2018, 8 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, Building and Impacting Communities Inc reported income of $610k and spending of $682k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $610k (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 696%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Building and Impacting Communities Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Genesis House Inc ($610k), Senior Citizens Housing Development Corporation of Mt Lebanon ($611k) and Fulton County Community Heritage Corp ($610k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 89% of the total. Other salaries and wages came to $80k. At year end it held assets of $2.0m against liabilities of $2.4m, net assets of -$411k.

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.