Broad Street Ministry

Analysis

Broad Street Ministry is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2006, 20 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 December 2023, Broad Street Ministry reported income of $2.8m and spending of $3.7m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.8m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 321%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Broad Street Ministry sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Henderson County Help Center ($2.8m), Mental Health Connections ($2.8m) and Family Connection of South Carolina Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $150k (4.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $13.2m against liabilities of $2.6m, net assets of $10.6m. It reported 52 employees.