Broadway Housing Communities Inc

Analysis

Broadway Housing Communities Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Broadway Housing Communities Inc reported income of $11.8m and spending of $9.1m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $11.8m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Broadway Housing Communities Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include House of Ruth Maryland Inc ($11.8m), Kokua ($11.8m) and Women Against Abuse Inc ($11.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $884k (9.7% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $14.9m against liabilities of $3.8m, net assets of $11.1m. It reported 141 employees.