Burlington Downtown Corporation

Analysis

Burlington Downtown Corporation is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Burlington Downtown Corporation reported income of $129k and spending of $198k, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $252k to $129k (-49%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 46%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Burlington Downtown Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Westminster-Canterbury Development Corporation ($129k), Todd County Development Corporation ($129k) and Kentucky Coal County Coalition Inc ($129k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $56k. At year end it held assets of $117k against liabilities of $3,269, net assets of $113k.