Broadmoor United Methodist Preschool

Analysis

Broadmoor United Methodist Preschool is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 1973, 53 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 August 2023, Broadmoor United Methodist Preschool reported income of $1.3m and spending of $1.5m, spending 116% of what it took in. Across the 5 years on record, from August 2018 to August 2023, income grew from $939k to $1.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to August 2022, when income rose by 189%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Broadmoor United Methodist Preschool sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include Malden Public Library ($1.3m), Hialeah Elderly Housing Inc ($1.3m) and Children in Need Foundation ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $51k (3.5% of expenses). At year end it held assets of $1.2m against liabilities of $2,063, net assets of $1.2m. It reported 74 employees.