Builders of Hope CDC

Analysis

Builders of Hope CDC is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Builders of Hope CDC reported income of $2.2m and spending of $1.1m, leaving 49% of income unspent that year. The sharpest change came in the year to December 2020, when income rose by 123%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Builders of Hope CDC sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Gaston Skills Incorporated ($2.2m), Binghampton Development Corporation ($2.2m) and Rivercity Company ($2.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $104k (9.4% of expenses). Other salaries and wages came to $396k. At year end it held assets of $2.0m against liabilities of $1.3m, net assets of $690k. It reported 7 employees.