Friends of the Broadway

Analysis

Friends of the Broadway is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in March 2001, 25 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 (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 the Broadway reported income of $101k and spending of $105k, spending 104% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $118k to $101k (-14%), an average of -14% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Broadway sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Yonkers St Patricks Parade on McLean Avenue Inc ($101k), Bits N Pieces Puppet Theatre Inc ($101k) and Metropolitan Youth Orchestras Ofcentral Alabama ($101k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. At year end it held assets of $170k against liabilities of $16k, net assets of $154k.