Burning Ones Inc

Analysis

Burning Ones Inc is a registered charity in United States, based in Saint Cloud, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Burning Ones Inc reported income of $649k and spending of $594k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $758k to $649k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Burning Ones Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Education and Hope ($648k), Hamilton Community Foundation Inc ($649k) and Colquitt County Packer Foundation Inc ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $176k (30% of expenses). Other salaries and wages came to $115k. At year end it held assets of $41k against liabilities of $186k, net assets of -$145k. It reported 5 employees.