Broad Street Restoration Society Inc

Analysis

Broad Street Restoration Society Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Broad Street Restoration Society Inc reported income of $808k and spending of $267k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $808k (-21%), an average of -5.9% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 28% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Broad Street Restoration Society Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Great Lakes Community Conservation Corps Incorporated ($808k), Tempe Community Council Incorporated ($808k) and Berkshire Black Economic Council ($807k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $4.5m against liabilities of $2.2m, net assets of $2.3m.