Burke Place Apartments

Analysis

Burke Place Apartments is a registered charity in United States, based in Port Angeles, WA. It received its IRS tax-exemption ruling in September 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Burke Place Apartments reported income of $95k and spending of $148k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $95k (-1.7%), an average of -0.4% a year. Over the whole period it spent 163% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Burke Place Apartments sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 31st percentile within WA. Charities of a similar size with the same main cause include Hickernell Homes Inc ($95k), Share VIII Inc ($95k) and Habitat for Humanity International Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $20k. At year end it held assets of $2.0m against liabilities of $8,734, net assets of $2.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.