Broadway Church of the Nazarene

Analysis

Broadway Church of the Nazarene is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Broadway Church of the Nazarene reported income of $84k and spending of $83k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $101k to $84k (-17%), an average of -6.0% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Broadway Church of the Nazarene sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Faith Moves Mountains Foundation ($84k), Feeding Accepting Inspiring the Hurting ($84k) and Bible Study Media Inc ($84k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.