Friends of Broadway Elementary School

Analysis

Friends of Broadway Elementary School is a registered charity in United States, based in Venice, CA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Friends of Broadway Elementary School reported income of $491k and spending of $552k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $503k to $491k (-2.3%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Broadway Elementary School sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Architecture Sarasota Inc ($491k), Right on Mobile Education ($491k) and Agts Inc ($491k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 76% of the total. At year end it held assets of $599k against liabilities of $465, net assets of $599k.