Burlington Homes Inc

Analysis

Burlington Homes Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in September 2014, 12 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 September 2023, Burlington Homes Inc reported income of $903k and spending of $865k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $830k to $903k (+8.7%), an average of +2.1% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Burlington Homes Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Margaret Ford Manor Ltd ($902k), Safe Entry Inc ($904k) and Gardena Marine Ave Senior Housing Inc ($902k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $5.9m against liabilities of $5.3m, net assets of $581k.