Broward House Inc

Analysis

Broward House Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Broward House Inc reported income of $10.2m and spending of $10.7m, spending 105% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $8.6m to $10.2m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Broward House 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 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Community Link Inc ($10.2m), Pace Community Action Agency Inc ($10.3m) and Jenkins Living Center Inc ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 1.9% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $29.2m against liabilities of $2.1m, net assets of $27.1m. It reported 82 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.