Building Promise USA

Analysis

Building Promise USA is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Building Promise USA reported income of $472k and spending of $442k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $472k (+217%), an average of +217% a year. The sharpest change came in the year to December 2023, when income rose by 217%. Over the whole period it spent 92% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Building Promise USA sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Womens Bar Foundation of Massachusetts Inc ($471k), Access the Law ($472k) and Casa of the Permian Basin Area Inc ($471k).

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 $72k (16% of expenses). Other salaries and wages came to $81k. At year end it held assets of $208k against liabilities of $156k, net assets of $52k. It reported 5 employees.