Burbank Housing Communities Corporation

Analysis

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

In the financial year ending December 2023, Burbank Housing Communities Corporation reported income of $2.0m and spending of $3.0m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2020, when income rose by 115%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Burbank Housing Communities Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Business Consortium Fund Inc ($2.0m), Maumelle Foundation for Education Inc ($2.0m) and Disability Community Resource Center ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $281k. At year end it held assets of $28.8m against liabilities of $8.8m, net assets of $20.0m.

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.