Broadway Dallas Inc

Analysis

Broadway Dallas Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1964, 62 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 October 2023, Broadway Dallas Inc reported income of $27.8m and spending of $26.7m, spending 96% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $49.8m to $27.8m (-44%), an average of -14% a year. The sharpest change came in the year to October 2022, when income rose by 116%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Broadway Dallas Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Old Globe Theatre ($27.7m), Dallas Museum of Art ($27.8m) and Conner Prairie Foundation Inc ($27.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $952k (3.6% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $21.3m against liabilities of $3.4m, net assets of $17.9m. It reported 196 employees.