On Broadway Inc

Analysis

On Broadway Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1996, 30 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, On Broadway Inc reported income of $2.9m and spending of $1.5m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $823k to $2.9m (+246%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, On Broadway Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Donate Delaware Inc ($2.8m), East Colfax Community Collective ($2.9m) and Greater Southwest Development Corporation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $135k (8.8% of expenses). Other salaries and wages came to $376k. At year end it held assets of $4.4m against liabilities of $2.8m, net assets of $1.6m. It reported 15 employees.