Broach School of Jacksonville Inc

Analysis

Broach School of Jacksonville Inc is a registered charity in United States, based in Fleming Island, FL. It received its IRS tax-exemption ruling in March 1981, 45 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Broach School of Jacksonville Inc reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.6m to $3.1m (-14%), an average of -5.0% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Broach School of Jacksonville Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Boys Club of Wichita Falls ($3.1m), Allegany Council on Alcoholism and Substance Abuse Inc ($3.1m) and Apparo Academy Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $218k (7.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.5m against liabilities of $335k, net assets of $2.1m. It reported 68 employees.