Building Lives Foundation Inc
Building Lives Foundation Inc shows consistent revenue growth and no reported officer compensation.
EIN: 205584526 · Franklin, TN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $803K |
| Total Expenses | $578K |
| Program Spending | 85% |
| Net Assets | $518K |
| Transparency Score | 85/100 |
Is Building Lives Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Building Lives Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Building Lives Foundation Inc
Building Lives Foundation Inc (EIN: 205584526) is a nonprofit organization based in Franklin, TN. The organization reported total revenue of $803K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Lives Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Building Lives Foundation Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $657K |
| Total Expenses | $578K |
| Surplus / Deficit | +$78K |
| Total Assets | $542K |
| Total Liabilities | $24K |
| Net Assets | $518K |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 11.3 months |
Financial Health Grade: A
In 2024, Building Lives Foundation Inc reported a surplus of $78K with revenue exceeding expenses, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Building Lives Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.4% | +18.7% | +9.7% |
| 2023 | +18.4% | +20.5% | +32.7% |
| 2022 | +47.8% | +4.8% | +14.4% |
| 2021 | +29.6% | +109.6% | -11.8% |
| 2020 | -0.9% | -27.9% | +27.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Building Lives Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Building Lives Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.5%.
Executive Compensation Analysis
Building Lives Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that executive leadership is not compensated through traditional officer salaries, which is highly favorable for donor perception and suggests a strong commitment to directing funds towards the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Building Lives Foundation Inc's IRS 990 filings:
- NTEE Code is unknown, limiting understanding of specific mission area.
Strengths
The following positive indicators were identified for Building Lives Foundation Inc:
- 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).
Frequently Asked Questions about Building Lives Foundation Inc
Is Building Lives Foundation Inc a legitimate charity?
Building Lives Foundation Inc (EIN: 205584526) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $803K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Building Lives Foundation Inc spend its money?
Building Lives Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Building Lives Foundation Inc tax-deductible?
Building Lives Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205584526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Building Lives Foundation Inc's spending goes to programs?
Building Lives Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Building Lives Foundation Inc located?
Building Lives Foundation Inc is headquartered in Franklin, Tennessee and files with the IRS under EIN 205584526.
How many years of IRS 990 filings does Building Lives Foundation Inc have?
Building Lives Foundation Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $803K in total revenue.
Is Building Lives Foundation Inc a good charity?
Based on the available financial data, Building Lives Foundation Inc appears to be a financially sound and growing organization with no reported officer compensation, which are strong positive indicators. However, a full assessment would benefit from knowing their program details and functional expense breakdown.
How has Building Lives Foundation Inc's revenue changed over time?
Building Lives Foundation Inc has shown consistent revenue growth, increasing from $267,228 in 202006 to $656,530 in 202406, demonstrating a strong upward trend.
What is the trend in Building Lives Foundation Inc's assets?
The organization's assets have generally increased over time, growing from $174,621 in 201606 to $542,148 in 202406, indicating financial stability and growth in resources.
Filing History
IRS 990 filing history for Building Lives Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Building Lives Foundation Inc's revenue has grown by 241.4%, moving from $192K to $657K. Total assets increased by 1456% over the same period, from $35K to $542K. Total functional expenses rose by 204.1%, from $190K to $578K. In its most recent filing year (2024), Building Lives Foundation Inc reported a surplus of $78K, with revenue exceeding expenses. The organization holds $24K in liabilities against $542K in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $518K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $657K | $578K | $542K | $24K | — | View 990 |
| 2023 | $606K | $487K | $494K | $55K | — | View 990 |
| 2022 | $512K | $404K | $372K | $52K | — | View 990 |
| 2021 | $346K | $386K | $326K | $112K | — | View 990 |
| 2020 | $267K | $184K | $369K | $116K | — | View 990 |
| 2019 | $270K | $255K | $290K | $120K | — | View 990 |
| 2018 | $310K | $333K | $293K | $138K | — | View 990 |
| 2017 | $332K | $322K | $341K | $162K | — | View 990 |
| 2016 | $502K | $564K | $175K | $5K | — | View 990 |
| 2015 | $476K | $454K | $240K | $9K | — | View 990 |
| 2014 | $448K | $330K | $228K | $11K | — | View 990 |
| 2013 | $333K | $293K | $120K | $21K | — | View 990 |
| 2012 | $285K | $252K | $71K | $13K | — | View 990 |
| 2011 | $192K | $190K | $35K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $657K, expenses of $578K, and assets of $542K (revenue +8.4% year-over-year).
- 2023: Revenue of $606K, expenses of $487K, and assets of $494K (revenue +18.4% year-over-year).
- 2022: Revenue of $512K, expenses of $404K, and assets of $372K (revenue +47.8% year-over-year).
- 2021: Revenue of $346K, expenses of $386K, and assets of $326K (revenue +29.6% year-over-year).
- 2020: Revenue of $267K, expenses of $184K, and assets of $369K (revenue -0.9% year-over-year).
- 2019: Revenue of $270K, expenses of $255K, and assets of $290K (revenue -12.9% year-over-year).
- 2018: Revenue of $310K, expenses of $333K, and assets of $293K (revenue -6.7% year-over-year).
- 2017: Revenue of $332K, expenses of $322K, and assets of $341K (revenue -33.9% year-over-year).
- 2016: Revenue of $502K, expenses of $564K, and assets of $175K (revenue +5.5% year-over-year).
- 2015: Revenue of $476K, expenses of $454K, and assets of $240K (revenue +6.2% year-over-year).
- 2014: Revenue of $448K, expenses of $330K, and assets of $228K (revenue +34.5% year-over-year).
- 2013: Revenue of $333K, expenses of $293K, and assets of $120K (revenue +16.9% year-over-year).
- 2012: Revenue of $285K, expenses of $252K, and assets of $71K (revenue +48.1% year-over-year).
- 2011: Revenue of $192K, expenses of $190K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Building Lives Foundation Inc:
Data Sources and Methodology
This transparency report for Building Lives Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.