Broadmoor Improvement Association Incorporated

Analysis

Broadmoor Improvement Association Incorporated is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Broadmoor Improvement Association Incorporated reported income of $370k and spending of $411k, spending 111% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $422k to $370k (-12%), an average of -4.3% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Broadmoor Improvement Association Incorporated sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within LA. Charities of a similar size with the same main cause include Iowa Abortion Access Fund ($370k), Yarmouth Historical Society ($370k) and Fire Inc ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% of the total. Other salaries and wages came to $258k. At year end it held assets of $369k against liabilities of $235k, net assets of $134k. It reported 13 employees.

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.