Broadfutures Inc

Analysis

Broadfutures Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Broadfutures Inc reported income of $871k and spending of $863k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $519k to $871k (+68%), an average of +11% a year. The sharpest change came in the year to December 2019, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Broadfutures Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 52nd percentile within DC. Charities of a similar size with the same main cause include Los Altos Rotary Endowment Fund Inc ($871k), Lumber River United Way ($872k) and Community Uplift Program ($871k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $149k (17% of expenses). Other salaries and wages came to $462k. At year end it held assets of $1.4m against liabilities of $59k, net assets of $1.3m. It reported 12 employees.