Building Change Inc

Analysis

Building Change Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2024, Building Change Inc reported income of $4.7m and spending of $4.0m, spending 84% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $392k to $4.7m (+1109%), an average of +65% a year. The sharpest change came in the year to June 2020, when income rose by 664%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Building Change Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Arts of Southern Kentucky Inc ($4.7m), Zcash Foundation ($4.7m) and North Central Soybean Research Program ($4.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $37k (0.9% of expenses). At year end it held assets of $825k against liabilities of $184k, net assets of $641k.