Bunts Road Housing Corp

Analysis

Bunts Road Housing Corp is a registered charity in United States, based in Westlake, OH. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bunts Road Housing Corp reported income of $123k and spending of $149k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $123k (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bunts Road Housing Corp sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include Brookhaven Housing Corporation ($123k), Conway Apartment Inc ($123k) and Ocl Properties XII Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $801k against liabilities of $1.1m, net assets of -$303k.