Building Industry Charitable Foundation Inc

Analysis

Building Industry Charitable Foundation Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Building Industry Charitable Foundation Inc reported income of $120k and spending of $100k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $190k to $120k (-37%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 49%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Building Industry Charitable Foundation Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 47th percentile within SC. Charities of a similar size with the same main cause include L Lyle Ingraham Rvoc TR 07301993 ($119k), Education Foundation of the Osage Community Schools ($120k) and Netivos Olam ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.