Broadway Filmore Neighborhood Housing Services Inc

Analysis

Broadway Filmore Neighborhood Housing Services Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in December 1981, 45 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 August 2023, Broadway Filmore Neighborhood Housing Services Inc reported income of $2.3m and spending of $2.2m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $611k to $2.3m (+279%), an average of +40% a year. The sharpest change came in the year to August 2023, when income rose by 241%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Broadway Filmore Neighborhood Housing Services Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Guiding Harbor ($2.3m), Empowerment Center ($2.3m) and Butterflys Haven ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $60k (2.7% of expenses). Other salaries and wages came to $189k. At year end it held assets of $6.0m against liabilities of $5.3m, net assets of $678k. It reported 5 employees.