Broward Cares for Kids Foundation Inc

Analysis

Broward Cares for Kids Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in November 2005, 21 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 June 2023, Broward Cares for Kids Foundation Inc reported income of $74k and spending of $78k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $82k to $74k (-9.0%), an average of -2.3% a year. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Broward Cares for Kids Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Corporal Christopher Kelly Willis Foundation ($74k), Danville Pittsylvania County Chamber Foundation ($74k) and Canby KC Charities Inc ($74k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 94% of the total. At year end it held assets of $423k against liabilities of $70k, net assets of $352k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.