Build Up Downtown Inc

Analysis

Build Up Downtown Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Build Up Downtown Inc reported income of $251k and spending of $243k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $296k to $251k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Build Up Downtown Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include St Catherines High School Foundation Inc ($251k), St Clair Community Health Clinic Inc ($251k) and Greater Boulder Youth Orchestras ($251k).

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 $134k (55% of expenses). At year end it held assets of $46k against liabilities of $10k, net assets of $36k. It reported 2 employees.