Broadway House for Continuing Care Foundation Inc

Analysis

Broadway House for Continuing Care Foundation Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in June 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 2023, Broadway House for Continuing Care Foundation Inc reported income of $58k and spending of $56k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $82k to $58k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2022, when income rose by 547%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Broadway House for Continuing Care Foundation Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Irvine Rotary Foundation Inc ($58k), Akerman Foundation Inc ($58k) and Fabulous Women of Sonoma County ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $946k against liabilities of $110k, net assets of $837k.