Broadway Mall Association Inc

Analysis

Broadway Mall Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1987, 39 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, Broadway Mall Association Inc reported income of $1.0m and spending of $718k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $715k to $1.0m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Broadway Mall Association Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Nova Vida Inc ($1.0m), Arc of Virginia Inc ($1.0m) and Mercer and McLean Counties Commission on Aging ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $104k (14% of expenses). Other salaries and wages came to $146k. At year end it held assets of $1.0m against liabilities of $129k, net assets of $874k. It reported 7 employees.