Persistent negative net assets (liabilities consistently exceed assets, e.g., 2023: $1,311,789 liabilities vs. $1,051,218 assets)
Lack of detailed functional expense breakdown in provided data, making precise spending efficiency analysis difficult.
Strengths
Consistent 0% officer compensation, indicating strong resource allocation to mission.
Stable revenue and expense levels over a decade, suggesting operational consistency.
Regular and timely IRS 990 filings, demonstrating transparency and compliance.
Spending Breakdown
How Broadway Terrace Corporation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Broadway Terrace Corporation
Is Broadway Terrace Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Broadway Terrace Corporation (EIN: 20741063) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Broadway Terrace Corporation a good charity to donate to?
Broadway Terrace Corporation has a Mission Score of 70/100. Revenue: $465K. Assets: $1000K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Broadway Terrace Corporation?
The Employer Identification Number (EIN) for Broadway Terrace Corporation is 20741063. 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 Broadway Terrace Corporation spend its money?
Broadway Terrace Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Broadway Terrace Corporation's tax-exempt status?
You can verify Broadway Terrace Corporation's tax-exempt status using EIN 20741063 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
Broadway Terrace Corporation demonstrates consistent financial activity, with revenues and expenses generally in the low to mid-$400,000 range over the past decade. The organization consistently reports 0% officer compensation, which is a positive indicator for resource allocation directly to its mission. However, a notable concern is the persistent negative net asset position, with liabilities consistently exceeding assets. For example, in 2023, assets were $1,051,218 while liabilities stood at $1,311,789, indicating a structural financial vulnerability.
The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. While the absence of officer compensation suggests good stewardship in that area, the overall financial health is impacted by the negative net assets. The consistent filing of IRS Form 990s over 12 periods indicates a commitment to regulatory transparency.
To provide a more comprehensive assessment of spending efficiency, a deeper dive into the functional expense categories would be necessary. The current data suggests a stable operational environment in terms of revenue generation and expense management, but the long-standing negative net asset balance warrants closer examination to understand its implications for long-term sustainability and financial resilience.