Broadway Developement Corp

Analysis

Broadway Developement Corp is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in March 1995, 31 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, Broadway Developement Corp reported income of $892k and spending of $187k, leaving 79% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $540k to $892k (+65%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 799%. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Broadway Developement Corp sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Iwikua ($891k), I Can Living and Learning Center Inc ($892k) and Karma House Inc ($890k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.6m against liabilities of $3.7m, net assets of $1.9m. It reported 5 employees.