Building Equity Sooner for Tomarrow

Analysis

Building Equity Sooner for Tomarrow is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Building Equity Sooner for Tomarrow reported income of $14.8m and spending of $14.8m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $23.3m to $14.8m (-36%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Building Equity Sooner for Tomarrow sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Civic News Company ($14.8m), Denver Christian Schools ($14.8m) and Delaware State University Foundation Inc ($14.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $430.2m against liabilities of $430.2m, net assets of $0.