Discovering Broadway Inc

Analysis

Discovering Broadway Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in January 2020, 6 years ago. 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, Discovering Broadway Inc reported income of $495k and spending of $439k, spending 89% of its income. Across the 4 years on record, from April 2020 to December 2023, income grew from $235k to $495k (+111%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Discovering Broadway Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include American Association of Obstetricians and Gynecologists Fo ($495k), Artspan ($495k) and United Church Residences of Kenton Ohio Inc ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $137k (31% of expenses). Other salaries and wages came to $58k. At year end it held assets of $330k against liabilities of $0, net assets of $330k. It reported 9 employees.