Building Strong Communities Inc

Analysis

Building Strong Communities Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 2022, 4 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 Strong Communities Inc reported income of $589k and spending of $584k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $544k to $589k (+8.3%), an average of +8.3% a year. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building Strong Communities Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Citizens Utility Board of Michigan ($589k), The 3rd Inc ($589k) and Astop Inc ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $160k (27% of expenses). At year end it held assets of $390k against liabilities of $86k, net assets of $304k.