CBCT Building Futures

Analysis

CBCT Building Futures is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover employment, 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 September 2023, CBCT Building Futures reported income of $478k and spending of $606k, spending 127% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $406k to $478k (+18%), an average of +8.6% a year. The sharpest change came in the year to September 2023, when income rose by 54%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, CBCT Building Futures sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include McMullen County Community Development Corporation ($478k), Junior League of Raleigh Inc ($479k) and Venture Central Inc ($478k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $34k against liabilities of $0, net assets of $34k.