Broadway Towers Inc

Analysis

Broadway Towers Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1979, 47 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 December 2023, Broadway Towers Inc reported income of $12.8m and spending of $2.8m, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $12.8m (+172%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 277%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Broadway Towers Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Farmworker Housing Development Corporation ($12.8m), Hearth Connection ($12.8m) and Grand Central District Management Association Inc ($12.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 23% of the total. Other salaries and wages came to $444k. At year end it held assets of $26.3m against liabilities of $3.9m, net assets of $22.4m.