Broadway Housing Communities Foundation Inc

Analysis

Broadway Housing Communities Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Broadway Housing Communities Foundation Inc reported income of $425k and spending of $1.4m, spending 324% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $425k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 273% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Broadway Housing Communities Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Villa de Vida ($425k), Telos Inc ($425k) and Volunteers of America Inc ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $17.2m against liabilities of $391, net assets of $17.2m.

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.