Build Promise Inc

Analysis

Build Promise Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Build Promise Inc reported income of $1.8m and spending of $288k, leaving 84% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.3m to $1.8m (+42%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 12% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Build Promise Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Early Learning Scholars & Family Services Inc ($1.8m), Afghan Health Initiative ($1.8m) and American Association of Caregiving Youth Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $130k (45% of expenses). Other salaries and wages came to $40k. At year end it held assets of $4.0m against liabilities of $112k, net assets of $3.9m. It reported 2 employees.