Broadway Services Inc

Analysis

Broadway Services Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Broadway Services Inc reported income of $14.7m and spending of $11.9m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.2m to $14.7m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Broadway Services 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 96th percentile within LA. Charities of a similar size with the same main cause include Blue Mountain Action Council Inc ($14.7m), Jewish Apartments & Services Inc ($14.7m) and Trinity Continuing Care Services Indiana Inc ($14.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $880k (7.4% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $9.7m against liabilities of $744k, net assets of $8.9m. It reported 246 employees.