Buckingham Terrace Inc

Analysis

Buckingham Terrace Inc is a registered charity in United States, based in Brunswick, GA. It received its IRS tax-exemption ruling in August 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Buckingham Terrace Inc reported income of $301k and spending of $348k, spending 116% of what it took in. Across the 6 years on record, from February 2019 to February 2024, income grew from $254k to $301k (+19%), an average of +3.5% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Buckingham Terrace Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include Steps 4 Life Community Services ($301k), Mission24 Inc ($301k) and Lifeboat Alliance Ltd ($301k).

On its Form 990 for the period ending February 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $88k. At year end it held assets of $469k against liabilities of $2.0m, net assets of -$1.5m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.