Buckingham Terrace II Inc

Analysis

Buckingham Terrace II Inc is a registered charity in United States, based in Brunswick, GA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending February 2024, Buckingham Terrace II Inc reported income of $132k and spending of $158k, spending 119% of what it took in. Across the 6 years on record, from February 2019 to February 2024, income grew from $113k to $132k (+17%), an average of +3.1% a year. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buckingham Terrace II Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within GA. Charities of a similar size with the same main cause include Montserrat Aspirers Inc ($132k), Central Davidson Athletic Foundation ($132k) and Seattle Childrens Hospital ($132k).

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 $42k. At year end it held assets of $439k against liabilities of $1.0m, net assets of -$564k.

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.