Burbank Housing S R Corporation

Analysis

Burbank Housing S R Corporation is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in January 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 S R Corporation reported income of $594k and spending of $816k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $528k to $594k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 602%. Over the whole period it spent 193% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Burbank Housing S R Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Mlac Inc ($594k), United States Power Squadrons ($594k) and Molokai Community Service Council Inc ($594k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 75% of the total. Other salaries and wages came to $137k. At year end it held assets of $2.9m against liabilities of $6.2m, net assets of -$3.3m.

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.