Burnett Walnut Corporation

Analysis

Burnett Walnut Corporation is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in September 1984, 42 years ago. 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 June 2023, Burnett Walnut Corporation reported income of $1.5m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.5m (+6.3%), an average of +1.5% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Burnett Walnut Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Social Science Research and Evaluation Inc ($1.5m), Beth Tfiloh Foundation Inc ($1.5m) and Anchor House Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Other salaries and wages came to $327k. At year end it held assets of $1.3m against liabilities of $2.3m, net assets of -$1.0m. It reported 6 employees.