F R I E N D S of Broomfield

Analysis

F R I E N D S of Broomfield is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, F R I E N D S of Broomfield reported income of $3.3m and spending of $3.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.3m (+49%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, F R I E N D S of Broomfield sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Ohio South Youth Soccer Association Inc ($3.3m), Reef Environmental Education Foundation Incorporated ($3.3m) and Dfeeters Soccer Club ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $294k (8.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.6m against liabilities of $1.1m, net assets of $3.4m. It reported 48 employees.