Quick charity verification for Broad Street Ministry (EIN: 202760310)
Verdict: Broad Street Ministry appears trustworthy
85/100Mission Score
$3.5MRevenue
$12.9MAssets
2Red Flags
3Strengths
Red Flags
Expenses exceeded revenue in 2023 ($3,731,650 expenses vs. $2,764,595 revenue), indicating an operating deficit.
Significant year-over-year revenue fluctuations, such as the drop from $6,052,138 in 2022 to $2,764,595 in 2023, could pose budgeting challenges.
Strengths
Consistent reporting of 0% officer compensation across all filings, demonstrating strong financial transparency and dedication to mission.
Substantial asset base, reaching $14,162,891 in 2022, provides financial stability and resilience.
History of significant revenue generation, including $9,717,806 in 2014 and $8,673,612 in 2020, indicating strong donor support in certain periods.
Spending Breakdown
How Broad Street Ministry allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Broad Street Ministry
Is Broad Street Ministry a legitimate charity?
Based on AI analysis of IRS 990 filings, Broad Street Ministry (EIN: 202760310) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Broad Street Ministry a good charity to donate to?
Broad Street Ministry has a Mission Score of 85/100. Revenue: $3.5M. Assets: $12.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Broad Street Ministry?
The Employer Identification Number (EIN) for Broad Street Ministry is 202760310. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Broad Street Ministry spend its money?
Broad Street Ministry allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Broad Street Ministry's tax-exempt status?
You can verify Broad Street Ministry's tax-exempt status using EIN 202760310 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Broad Street Ministry demonstrates a fluctuating financial landscape over the past decade. While the organization has experienced significant revenue spikes, such as $9,717,806 in 2014 and $8,673,612 in 2020, it has also seen periods where expenses exceeded revenue, notably in 2023 ($3,731,650 expenses vs. $2,764,595 revenue) and 2021 ($4,643,305 expenses vs. $4,465,322 revenue). This indicates a need for careful financial planning to ensure long-term sustainability, especially given the recent trend of expenses outpacing revenue. The organization's assets have generally grown, reaching $14,162,891 in 2022, providing a solid financial base.
The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice is highly commendable and suggests a lean administrative structure at the top. However, without a detailed breakdown of functional expenses (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is challenging. The significant swings in revenue and expenses warrant closer examination to understand the underlying operational dynamics.
Overall, Broad Street Ministry appears to be a transparent organization regarding executive compensation. Its financial health shows resilience with substantial assets, but the recent trend of operating deficits in some years, including 2023, suggests a need for strategic financial management to stabilize revenue streams or control expenses more effectively. The absence of reported officer compensation is a significant positive for transparency and donor confidence.