Broadway Bound Kids Inc

Analysis

Broadway Bound Kids Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Broadway Bound Kids Inc reported income of $778k and spending of $709k, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $500k to $778k (+56%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 34%. Over the whole period it spent 99% 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 Bound Kids Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Pittsburg Arts and Community Foundation ($778k), Dance Saint Louis ($778k) and Rivers Institute ($778k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $125k. At year end it held assets of $261k against liabilities of $194k, net assets of $67k. It reported 5 employees.