Broadcasters Foundation of America

Analysis

Broadcasters Foundation of America is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1961, 65 years ago. 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 December 2023, Broadcasters Foundation of America reported income of $2.7m and spending of $2.4m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $2.7m (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Broadcasters Foundation of America sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include BL Girls Town Jerusalem Inc ($2.7m), Elizabeth City State University Foundation ($2.7m) and St James Fund ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $707k (29% of expenses). Other salaries and wages came to $35k. It paid $56k in professional fundraising fees. At year end it held assets of $6.8m against liabilities of $139k, net assets of $6.6m. It reported 7 employees.