Broadway Oc Inc

Analysis

Broadway Oc Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in November 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Broadway Oc Inc reported income of $646k and spending of $861k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $646k (-79%), an average of -33% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Broadway Oc Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Bottle Works-Ethnic Arts Center ($646k), Gemini Series Inc ($646k) and Manidoo Ogitigaan ($646k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. Other salaries and wages came to $212k. At year end it held assets of $328k against liabilities of $244k, net assets of $84k.