Foundation for Building

Analysis

Foundation for Building is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Foundation for Building reported income of $367k and spending of $244k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $366k to $367k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Building sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NM. Charities of a similar size with the same main cause include Devotion After School Enrichment Program Inc ($367k), Wheaton Academy Institute ($367k) and Creekview Grizzlies Touchdown Club ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $37k (15% of expenses). At year end it held assets of $1.3m against liabilities of $39k, net assets of $1.3m. It reported 1 employees.