A Broader Way Foundation

Analysis

A Broader Way Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, A Broader Way Foundation reported income of $483k and spending of $668k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $646k to $483k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2021, when income rose by 267%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, A Broader Way Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Girl in Cooperation Gymnastics Training Center Inc ($483k), Virginia Brown Community Orthodonti Orthodontic Partnership ($483k) and Redemptive Cycles Services Inc ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $228k. At year end it held assets of $329k against liabilities of $0, net assets of $329k. It reported 31 employees.