Building Audacity

Analysis

Building Audacity is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Building Audacity reported income of $1.7m and spending of $0, leaving 100% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $662k to $1.7m (+159%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 72% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Building Audacity sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Greater San Diego Boys & Girls Clubs Foundation ($1.7m), Akoma Unity Center ($1.7m) and The Factory Ministries ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. At year end it held assets of $319k against liabilities of $418k, net assets of -$99k. It reported 12 employees.