Burnon Inc

Analysis

Burnon Inc is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Burnon Inc reported income of $2.8m and spending of $3.7m, spending 131% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $2.8m (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2022, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Burnon Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Palos Verdes Performing Arts ($2.8m), Journalism for Change Inc ($2.8m) and Florida Humanities Council Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $93k (2.5% of expenses). Other salaries and wages came to $799k. At year end it held assets of $3.4m against liabilities of $3.1m, net assets of $331k. It reported 114 employees.