The Carter Burden Network

Analysis

The Carter Burden Network is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1971, 55 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, The Carter Burden Network reported income of $7.6m and spending of $7.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $7.6m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Carter Burden Network sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Universal School ($7.6m), Preventative Care Health Services Inc ($7.6m) and Society of Toxicology ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $503k (6.4% of expenses). Other salaries and wages came to $3.7m. It paid $45k in professional fundraising fees. At year end it held assets of $17.0m against liabilities of $4.6m, net assets of $12.4m. It reported 93 employees.