Buckingham Senior Living Community Inc

Analysis

Buckingham Senior Living Community Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Buckingham Senior Living Community Inc reported income of $29.5m and spending of $42.8m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $29.7m to $29.5m (-0.6%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 141% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Buckingham Senior Living Community Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Great Plains Food Bank ($29.5m), Human Coalition ($29.5m) and Union Settlement Assoc ($29.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $300k (0.7% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $191.9m against liabilities of $356.1m, net assets of -$164.2m. It reported 533 employees.

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.