Broadway Terrace Corporation

Analysis

Broadway Terrace Corporation is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Broadway Terrace Corporation reported income of $450k and spending of $445k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $425k to $450k (+5.9%), an average of +1.4% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Broadway Terrace Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within GA. Charities of a similar size with the same main cause include Philippian Gardens Incorporated ($450k), Landing Apartments ($450k) and Ahepa 60 Inc ($450k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $88k. At year end it held assets of $1.1m against liabilities of $1.3m, net assets of -$261k.