Build Institute

Analysis

Build Institute is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Build Institute reported income of $539k and spending of $1.7m, spending 313% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $539k (-61%), an average of -21% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 119% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Build Institute sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include New Orleans Startup Fund Inc ($539k), Crawford County Development Assoc ($539k) and Fostering Family ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.2% of the total. Other salaries and wages came to $576k. At year end it held assets of $1.1m against liabilities of $149k, net assets of $913k. It reported 12 employees.