Asset Building Network

Analysis

Asset Building Network is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2020, Asset Building Network reported income of $290k and spending of $415k, spending 143% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $590k to $290k (-51%), an average of -51% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asset Building Network sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Mississippi Urban League Inc ($290k), Cornerstone Policy Research ($290k) and Ranger Title Education Fund Inc ($290k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $96k (23% of expenses). Other salaries and wages came to $143k. At year end it held assets of $37k against liabilities of $136k, net assets of -$99k. It reported 4 employees.