Broad Community Connections Inc

Analysis

Broad Community Connections Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Community Connections Inc reported income of $585k and spending of $281k, leaving 52% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $235k to $585k (+149%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 233%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Broad Community Connections Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within LA. Charities of a similar size with the same main cause include Help Community Development Corporation ($585k), Growing Grace Inc ($585k) and District of Columbia Students Construction Trades Foundation Inc ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $80k (29% of expenses). Other salaries and wages came to $41k. At year end it held assets of $851k against liabilities of $10k, net assets of $841k. It reported 2 employees.