Broadway Recovery Services

Analysis

Broadway Recovery Services is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Broadway Recovery Services reported income of $972k and spending of $934k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $300k to $972k (+224%), an average of +80% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Broadway Recovery Services sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Berry Park Housing Corporation ($972k), Open Arms Assisted Living ($973k) and Beacon Project ($972k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $89k (9.5% of expenses). Other salaries and wages came to $244k. At year end it held assets of $169k against liabilities of $156k, net assets of $13k. It reported 14 employees.