The Broadview Cares Foundation Inc

Analysis

The Broadview Cares Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, The Broadview Cares Foundation Inc reported income of $553k and spending of $742k, spending 134% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $437k to $553k (+27%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Broadview Cares Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Chasdei David Inc ($552k), Subramaniam Charitable Foundation ($553k) and American Friends of Keshet Eilon Inc ($552k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $544k against liabilities of $66k, net assets of $479k.