The Salvation Army Broomfield Residences Inc

Analysis

The Salvation Army Broomfield Residences Inc is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, The Salvation Army Broomfield Residences Inc reported income of $671k and spending of $684k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $573k to $671k (+17%), an average of +4.0% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Salvation Army Broomfield Residences Inc 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 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Eagles Nest Transistional Living Inc ($671k), Harry & Jeanette Weinberg Place Inc ($671k) and Wheelers Care Centers Inc ($671k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. Other salaries and wages came to $89k. At year end it held assets of $2.8m against liabilities of $374k, net assets of $2.5m. It reported 3 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.