Burke Partnership for Economic Development Inc

Analysis

Burke Partnership for Economic Development Inc is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in March 2003, 23 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 2024, Burke Partnership for Economic Development Inc reported income of $779k and spending of $657k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $766k to $779k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to June 2024, when income rose by 62%. Over the whole period it spent 152% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Burke Partnership for Economic Development Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Ticonderoga Revitalization Alliance Inc ($779k), Downtown Art Center ($779k) and One East Kentucky Corporation ($778k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $371k. At year end it held assets of $38.6m against liabilities of $35.8m, net assets of $2.7m. It reported 3 employees.