New York · Nonprofit
BUILDING MARKETS LTD
BUILDING MARKETS LTD (New York) receives grants from 15 organizations whose IRS filings report $5,360,034 to it, the largest being The Coca-Cola Foundation Inc ($2,689,831). 5 of them have funded it in more than one year.
- Revenue FY2025
- $2.0M
- Funders on record
- 15
- Grants received
- $5.4M
- Net assets
- $630k
What Building Markets Ltd does
Mission
Building Markets unleashes the transformational power of small businesses to address pressing social challenges by driving job creation and inclusive growth. Founded in 2004, the organization finds, builds, and connects competitive local Small and Medium-Sized Enterprises (SMEs) to supply chains and investment. Using this data-driven model, Building Markets has supported more than 26,700 SMEs, assisted those businesses in winning $1.36 billion in contracts and $21 million in loans, and has helped create over 75,000 jobs across diverse markets like Turkey, Jordan, Myanmar, Afghanistan, Liberia, and Haiti.
As stated on its FY2025 Form 990.
Program
In FY25, Building Markets strengthened local economies across Colombia, Iraq, Trkiye, and Myanmar by helping small businesses access new opportunities and thrive. A total of 1,093 small businesses joined our network, gaining visibility and access to buyers. Through these connections, participating enterprises won $4.8 million in contracts, improving the lives of 255,974 people through increased income and stability. Additionally, 1,326 individuals received training to expand their skills and improve market access for small business leaders.
$1,718,277 spentof which $21,408 as grants$64,036 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,718,277.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $2.0M to $881k (−56%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 84% · 2018 90% · 2019 58% · 2020 81% · 2021 88% · 2022 79% · 2023 66% · 2024 54%. Grants only. Government contracts and fees sit inside program revenue.
97% of BUILDING MARKETS LTD’s revenue is contributions — more donation-reliant than the typical peer (97% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Radha Rajkotia
Chief Executive Officer
Board chair
Ben Cushman
Board Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 8 funders, grant income rose $21k → $2.1M.
5 of 15 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 6% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of BUILDING MARKETS LTD’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
BUILDING MARKETS LTD leans on a few funders — its largest provides 50% of grant income and the top three 79%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2019 100% · 2020 97% · 2021 59% · 2022 88% · 2023 60% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of BUILDING MARKETS LTD's funders are still giving 3 years after their first grant; 33% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
BUILDING MARKETS LTD draws 100% of its grant income from funders outside New York, across 5 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $336k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
BUILDING MARKETS LTD's funding base is broadening — from 1 funders to 8 as grant income climbed.
this organization peer median middle 50% of peers· 718 international nonprofits $1M–$10M, FY2025
Government funding BUILDING MARKETS LTD receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $16.4M on record.
- Department of State$16.4M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like BUILDING MARKETS LTD
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
57% of spending goes to programs.
Governance
Public support
88%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- BuMa Ventures LLC · disregarded
- BuMa Ventures LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for BUILDING MARKETS LTD: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds BUILDING MARKETS LTD?
- BUILDING MARKETS LTD (New York) receives grants from 15 organizations whose IRS filings report $5,360,034 to it, the largest being The Coca-Cola Foundation Inc ($2,689,831). 5 of them have funded it in more than one year.
- How many funders does BUILDING MARKETS LTD have?
- IRS filings report 15 organizations giving $5,360,034 in grants to BUILDING MARKETS LTD, 5 of which have funded it in more than one year.
- Who is the largest funder of BUILDING MARKETS LTD?
- The Coca-Cola Foundation Inc is the largest funder on record, with $2,689,831 in grants. The full list of funders is on this page.
- How can an organization like BUILDING MARKETS LTD find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 15 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing