Building Equity Initiative Inc
180 Varick St Rm 1414, New York, NY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $9,649,843 | $8,224,520 | $12,551,097 |
| FY2023 | $19,001,730 | $7,632,794 | $11,635,338 |
| FY2022 | $4,870,506 | $5,422,522 | $391,075 |
| FY2021 | $3,488,358 | $3,411,401 | -$641,003 |
| FY2020 | $1,996,561 | $2,395,842 | -$717,960 |
| FY2019 | $927,756 | $1,469,568 | -$318,679 |
| FY2018 | $1,182,363 | $958,941 | $223,133 |
| FY2017 | $775,929 | $776,218 | -$289 |
Form 990 filings
The returns filed by Building Equity Initiative Inc (EIN 82-2116378), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $567,550 | 6% |
| Program service revenue | $7,964,083 | 83% |
| Other revenue | $1,118,210 | 12% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $8,053,201 | 98% |
| Management & general | $171,319 | 2% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 83% of total revenue in FY2024.
- Program services accounted for 98% of functional expenses, management & general 2%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2024. That is higher than 97.7% of 311 Human Services organizations in NY.
- Net assets covered about 18.3 months of expenses at the end of the reporting year. That puts it in the 67th percentile among 3188 Human Services organizations in NY.
- Total revenue was higher than 89.3% of 3341 Human Services organizations in NY.
- Total revenue rose from $775,929 in FY2017 to $9,649,843 in FY2024. Revenue increased in 5 and decreased in 2 of 7 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 8 reported years (FY2017, FY2019, FY2020, FY2022).
- The highest revenue on record here is $19,001,730 in FY2023.
- Net assets grew from -$289 to $12,551,097 between FY2017 and FY2024.
- Contributions and grants made up 100% of revenue in FY2017 and 6% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO PROVIDE TECHNICAL ASSISTANCE AND CAPITAL FUNDING FROM PRIVATE AND PHILANTHROPIC SOURCES TO SUPPORT FACILITY DEVELOPMENTS OF HIGH PERFORMING PUBLIC CHARTER SCHOOLS.
IRS status
| Ruling year | 2017 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | P20 — Human Services (in NY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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