Building Families for Tomorrow Inc

Analysis

Building Families for Tomorrow Inc is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Families for Tomorrow Inc reported income of $150k and spending of $109k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $229k to $150k (-34%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 64%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Building Families for Tomorrow Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Life Resources Community Outreach Inc ($150k), Loc Food Pantry Inc ($150k) and All Wheels Up Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 0.6% of the total. At year end it held assets of $693k against liabilities of $0, net assets of $693k.