Building Community Value

Analysis

Building Community Value is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 2017, 9 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 2023, Building Community Value reported income of $239k and spending of $260k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $354k to $239k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building Community Value sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Alleghany Highlands Economic Development Corporation ($239k), Ten Thousand Villages of Austin ($239k) and Mental Health America of Fredericksburg Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (36% of expenses). Other salaries and wages came to $36k. At year end it held assets of $167k against liabilities of $47k, net assets of $119k. It reported 2 employees.