Buckingham Terrace III Inc

Analysis

Buckingham Terrace III Inc is a registered charity in United States, based in Brunswick, GA. It received its IRS tax-exemption ruling in March 2001, 25 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 February 2024, Buckingham Terrace III Inc reported income of $141k and spending of $177k, spending 125% of what it took in. Across the 6 years on record, from February 2019 to February 2024, income grew from $126k to $141k (+12%), an average of +2.3% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Buckingham Terrace III Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within GA. Charities of a similar size with the same main cause include Home Forward Community Partnerships ($141k), Enfield People for People Inc ($141k) and Coleman House Inc ($141k).

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 $46k. At year end it held assets of $795k against liabilities of $1.4m, net assets of -$644k.

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.