Broadway Dreams Foundation Corporation

Analysis

Broadway Dreams Foundation Corporation is a registered charity in United States, based in Johns Creek, GA. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Broadway Dreams Foundation Corporation reported income of $1.3m and spending of $1.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.3m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Broadway Dreams Foundation Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Discovery Space of Centralpennsylvania Inc ($1.3m), Historic Red Clay Valley Inc ($1.3m) and St Louis Regional Advanced Manufacturing Innovation Center ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Other salaries and wages came to $335k. At year end it held assets of $216k against liabilities of $133k, net assets of $83k. It reported 5 employees.