Build Springs Inc

Analysis

Build Springs Inc is a registered charity in United States, based in Wessingtn SPG, SD. It received its IRS tax-exemption ruling in August 2019, 7 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 (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 Springs Inc reported income of $155k and spending of $9,493, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $155k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Build Springs Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within SD. Charities of a similar size with the same main cause include Warsaw Community Development Corporation ($155k), Coupland Water Supply Corporation ($155k) and Missoula Referee Association Inc ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.