Broadway for Arts Education Inc

Analysis

Broadway for Arts Education Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Broadway for Arts Education Inc reported income of $707k and spending of $683k, spending 97% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $216k to $707k (+228%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 134%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Broadway for Arts Education Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Collar Works ($707k), Life Family Center Inc ($707k) and Dakota Wicohan ($707k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $38k (5.6% of expenses). Other salaries and wages came to $403k. At year end it held assets of $91k against liabilities of $10k, net assets of $81k. It reported 23 employees.