Broadway Inspirational Voices Inc

Analysis

Broadway Inspirational Voices Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2009, 17 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 June 2023, Broadway Inspirational Voices Inc reported income of $300k and spending of $337k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $159k to $300k (+89%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 254%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Broadway Inspirational Voices Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Art and Culture Collective of Battle Creek ($300k), The Center for Group Studies ($300k) and Virginias Heritage Music Trail the Crooked Road Inc ($300k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 31% of the total. Other salaries and wages came to $46k. At year end it held assets of $69k against liabilities of $22k, net assets of $47k.

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.