Quick charity verification for Building Lives Foundation Inc (EIN: 205584526)
Verdict: Building Lives Foundation Inc appears trustworthy
85/100Mission Score
$803KRevenue
$1.1MAssets
1Red Flags
4Strengths
Red Flags
NTEE Code is unknown, limiting understanding of specific mission area.
Strengths
Consistent revenue growth, from $267,228 in 202006 to $656,530 in 202406.
No reported officer compensation across all filings, indicating high efficiency in leadership costs.
Positive net assets and increasing asset base, from $174,621 in 201606 to $542,148 in 202406.
Expenses generally lower than revenue in recent periods, allowing for surplus and growth (e.g., $656,530 revenue vs. $578,083 expenses in 202406).
Spending Breakdown
How Building Lives Foundation 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
5%
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 Lives Foundation Inc
Is Building Lives Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Building Lives Foundation Inc (EIN: 205584526) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Building Lives Foundation Inc a good charity to donate to?
Building Lives Foundation Inc has a Mission Score of 85/100. Revenue: $803K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Building Lives Foundation Inc?
The Employer Identification Number (EIN) for Building Lives Foundation Inc is 205584526. 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 Lives Foundation Inc spend its money?
Building Lives Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Building Lives Foundation Inc's tax-exempt status?
You can verify Building Lives Foundation Inc's tax-exempt status using EIN 205584526 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 Lives Foundation Inc demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past several years, culminating in $656,530 in the 202406 period. The organization has maintained a positive net asset position, growing from $174,621 in 201606 to $542,148 in 202406, indicating sound financial management and accumulation of resources. Their liabilities have remained relatively low compared to assets, suggesting good fiscal control.
The organization's spending efficiency appears strong, as evidenced by the consistent surplus of revenue over expenses in most recent periods (e.g., $656,530 revenue vs. $578,083 expenses in 202406). This allows for reinvestment into programs or building reserves. A notable aspect of their transparency is the consistent reporting of 0% officer compensation across all available filings, which suggests that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor confidence. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.
Overall, Building Lives Foundation Inc appears to be a financially stable and growing organization. Their consistent revenue growth, increasing assets, and lack of reported officer compensation are positive indicators. To further enhance transparency, a more detailed breakdown of functional expenses would be beneficial for stakeholders to understand how funds are allocated across different activities.