Is Building Futures Inc Legit?

Strengths

Consistent and significant revenue growth from $151,900 in 2018 to $2,554,032 in the latest period
Strong asset accumulation, growing from $147,789 in 2018 to $29,101,025 in the latest period
Expenses consistently lower than revenue, indicating sound financial management and surplus generation
No reported officer compensation, suggesting a high dedication of resources to mission or volunteer leadership

Spending Breakdown

How Building Futures Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Building Futures Inc

Is Building Futures Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Building Futures Inc (EIN: 10628266) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.

Is Building Futures Inc a good charity to donate to?

Building Futures Inc has a Mission Score of 90/100. Revenue: $2.6M. Assets: $29.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Building Futures Inc?

The Employer Identification Number (EIN) for Building Futures Inc is 10628266. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Building Futures Inc spend its money?

Building Futures Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Building Futures Inc's tax-exempt status?

You can verify Building Futures Inc's tax-exempt status using EIN 10628266 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Building Futures Inc. demonstrates a strong and consistent growth trajectory in both revenue and assets over the past six years, indicating increasing capacity and donor support. The organization's financial health appears robust, with assets significantly outpacing liabilities in recent periods, moving from a liability-heavy position in 2020 to a healthy asset base of $29,101,025 against undisclosed liabilities in the latest period. This growth suggests effective financial management and increasing scale of operations.

Spending efficiency is commendable, as the organization consistently reports expenses lower than revenue, leading to a healthy accumulation of assets. For instance, in 2023, revenue was $1,752,331 against expenses of $1,686,779, showing a surplus. The consistent reporting of 0% officer compensation across all filings is a significant positive indicator of transparency and a focus on mission-related spending, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which warrants further investigation for complete clarity. However, without a detailed functional expense breakdown (program, admin, fundraising), a precise assessment of spending efficiency across categories is limited.

Overall, Building Futures Inc. appears to be a financially healthy and growing organization. The lack of reported officer compensation is a notable point for transparency, potentially indicating a highly efficient operational model or a need for more detailed disclosure regarding executive remuneration if it exists in other forms. The consistent growth in assets and revenue, coupled with expenses generally below revenue, paints a picture of a well-managed and expanding nonprofit.

Verdict: Building Futures Inc appears trustworthy

Red Flags