Building Talent Foundation

Analysis

Building Talent Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2020, 6 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 December 2023, Building Talent Foundation reported income of $2.3m and spending of $3.7m, spending 164% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $5.7m to $2.3m (-60%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building Talent Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 68th percentile within DC. Charities of a similar size with the same main cause include In His Image ($2.3m), Southern California Minority Supplier Development Council Inc ($2.3m) and Northeastern Pennsylvania Industrial Resource Center Inc ($2.3m).

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 $400k (11% of expenses). Other salaries and wages came to $1.9m. It paid $5,000 in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $1.2m, net assets of $814k. It reported 35 employees.