The Broadway League Foundation Inc

Analysis

The Broadway League Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1994, 32 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 August 2023, The Broadway League Foundation Inc reported income of $1.8m and spending of $1.6m, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.8m (+42%), an average of +9.1% a year. The sharpest change came in the year to August 2021, when income rose by 228%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Broadway League Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Texarkana Symphony Orchestra ($1.8m), Acorn Center for Restoration and Freedom Inc ($1.8m) and Society of Environmental Journalists ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Other salaries and wages came to $5,069. At year end it held assets of $1.0m against liabilities of $50k, net assets of $956k.