Historic Burke Foundation Inc

Analysis

Historic Burke Foundation Inc is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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 2022, Historic Burke Foundation Inc reported income of $59k and spending of $58k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $223k to $59k (-73%), an average of -36% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Burke Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include General Federation of Womens Clubs ($59k), Virginia Congress of Parents and Teachers ($59k) and PTA Texas Congress ($59k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $3,743. At year end it held assets of $515k against liabilities of $0, net assets of $515k.