Broadway Industries Inc

Analysis

Broadway Industries Inc is a registered charity in United States, based in Wheaton, MN. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Broadway Industries Inc reported income of $222k and spending of $303k, spending 137% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $270k to $222k (-18%), an average of -6.4% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Broadway Industries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Jeremiahs Crossing Inc ($222k), Edward Pierce Center for Autism Inc ($222k) and Paws and Think Inc ($222k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 0.6% of the total. Other salaries and wages came to $203k. At year end it held assets of $129k against liabilities of $53k, net assets of $76k. It reported 19 employees.