Broadwal Inc

Analysis

Broadwal Inc is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in September 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Broadwal Inc reported income of $192k and spending of $222k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $142k to $192k (+35%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Broadwal Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include International Women Associates Inc ($192k), Fobt Pipeline Inc ($192k) and Bay Aging Apartments Westmoreland Inc ($192k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 85% of the total. Other salaries and wages came to $40k. At year end it held assets of $520k against liabilities of $420k, net assets of $100k.

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.