Broadmead Residents Assn

Analysis

Broadmead Residents Assn is a registered charity in United States, based in Cockeysville, MD. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Broadmead Residents Assn reported income of $348k and spending of $354k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $129k to $348k (+169%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 111%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Broadmead Residents Assn sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Promise Project Inc ($348k), Volunteers of America Inc ($348k) and West Central Missouri Greenleaf Estates Corporation ($347k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 1.3% of the total. At year end it held assets of $584k against liabilities of $0, net assets of $584k.