Broadwater Academy Foundation

Analysis

Broadwater Academy Foundation is a registered charity in United States, based in Exmore, VA. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Broadwater Academy Foundation reported income of $95k and spending of $80k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35k to $95k (+169%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 147%. Over the whole period it spent 165% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Broadwater Academy Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Collinsville High School Band Parents Association ($95k), Creekside High School Band Boosters Association Inc ($95k) and PTA Florida Congress ($95k).

At year end it held assets of $1.6m against liabilities of $106k, net assets of $1.5m.