Burbank Housing Management Corporation

Analysis

Burbank Housing Management Corporation is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Burbank Housing Management Corporation reported income of $6.5m and spending of $6.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $6.5m (+49%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Burbank Housing Management Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Spiritrust Lutheran Life ($6.5m), Cape Inc Community Association for Pre-School Education ($6.5m) and Institute for Womens Policy Research ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $3.3m against liabilities of $691k, net assets of $2.6m. It reported 218 employees.