Broward Performing Arts Foundation Inc

Analysis

Broward Performing Arts Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 September 2023, Broward Performing Arts Foundation Inc reported income of $8.3m and spending of $6.1m, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $15.0m to $8.3m (-44%), an average of -14% a year. The sharpest change came in the year to September 2021, when income dropped by 34%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Broward Performing Arts Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include East Orange Child Development Corp ($8.3m), The Bernard and Ruth Siegel Jewish Community Center of Delaware Inc ($8.3m) and Institute for Transportation and Development Policy ($8.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $273k (4.5% of expenses). Other salaries and wages came to $619k. At year end it held assets of $24.7m against liabilities of $5.0m, net assets of $19.6m. It reported 10 employees.