Build Our Lives Together Inc

Analysis

Build Our Lives Together Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2022, 4 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 August 2024, Build Our Lives Together Inc reported income of $502k and spending of $290k, leaving 42% of income unspent that year. Across the 4 years on record, from September 2021 to August 2024, income grew from $1,673 to $502k (+29882%), an average of +569% a year. The sharpest change came in the year to August 2022, when income rose by 1533%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Build Our Lives Together Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Islamorada Foundation Inc ($501k), Worksmith Institute ($502k) and Housing Sponsorship Corporation ($501k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $48k (17% of expenses). Other salaries and wages came to $47k. At year end it held assets of $397k against liabilities of $32, net assets of $397k. It reported 23 employees.