Broadway Cares-Equity Fights AIDS Inc

Analysis

Broadway Cares-Equity Fights AIDS Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1994, 32 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 September 2023, Broadway Cares-Equity Fights AIDS Inc reported income of $24.2m and spending of $28.7m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $25.6m to $24.2m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to September 2022, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Broadway Cares-Equity Fights AIDS Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Search360 ($24.2m), Familyaid Boston Inc ($24.2m) and Central Massachusetts Housing Alliance Inc ($24.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $601k (2.1% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $15.7m against liabilities of $5.9m, net assets of $9.8m. It reported 129 employees.