West Broadway Area Coalition

Analysis

West Broadway Area Coalition is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2004, 22 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, West Broadway Area Coalition reported income of $279k and spending of $857k, spending 307% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $283k to $279k (-1.2%), an average of -0.2% a year. The sharpest change came in the year to December 2020, when income rose by 1635%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Broadway Area Coalition sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Washington Business Improvement District Management Corporation ($279k), Garza County Trail Blazers Inc ($280k) and Represent Cincy ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $91k (11% of expenses). Other salaries and wages came to $205k. At year end it held assets of $2.2m against liabilities of $41k, net assets of $2.2m. It reported 7 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.