Burchacon Housing Inc

Analysis

Burchacon Housing Inc is a registered charity in United States, based in Malone, NY. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Burchacon Housing Inc reported income of $759k and spending of $648k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $567k to $759k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Burchacon Housing Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Co-Care Inc ($758k), White River Senior Housing Inc ($759k) and Causa Community Development Inc ($758k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 55% of the total. Other salaries and wages came to $73k. At year end it held assets of $2.4m against liabilities of $1.9m, net assets of $482k. It reported 1 employees.