Burbank Accessible Apartments Corporation

Analysis

Burbank Accessible Apartments Corporation is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in February 2002, 24 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 June 2023, Burbank Accessible Apartments Corporation reported income of $159k and spending of $431k, spending 272% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $144k to $159k (+9.9%), an average of +2.4% a year. Over the whole period it spent 223% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Burbank Accessible Apartments Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Spurwink Realty Development Corporation ($159k), 30th and West Live Work Community Arts Center Inc ($159k) and Habitat for Humanity International Inc ($158k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $3.5m against liabilities of $4.0m, net assets of -$507k.

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.