Broad Avenue Community And Economic Development Corp
Broad Avenue Community And Economic Development Corp shows fluctuating revenue and expenses, with no reported officer compensation.
EIN: 204964031 · Memphis, TN · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $93K |
| Total Expenses | $16K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $457,219 |
| Net Assets | $233K |
| Transparency Score | 75/100 |
Is Broad Avenue Community And Economic Development Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Broad Avenue Community And Economic Development Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Broad Avenue Community And Economic Development Corp
Broad Avenue Community And Economic Development Corp (EIN: 204964031) is a nonprofit organization based in Memphis, TN, classified under NTEE code S20. The organization reported total revenue of $93K and total assets of $480K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broad Avenue Community And Economic Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broad Avenue Community And Economic Development Corp is a micro nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $16K |
| Surplus / Deficit | +$15K |
| Total Assets | $457K |
| Total Liabilities | $225K |
| Net Assets | $233K |
| Operating Margin | 49.7% |
| Debt-to-Asset Ratio | 49.1% |
| Months of Reserves | 352.8 months |
Financial Health Grade: A
In 2023, Broad Avenue Community And Economic Development Corp reported a surplus of $15K with revenue exceeding expenses, holds 352.8 months of operating reserves (strong position), has a debt-to-asset ratio of 49.1% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Broad Avenue Community And Economic Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +119.1% | +69.8% | -4.3% |
| 2022 | -96.7% | -97.9% | -4.0% |
| 2021 | +193.7% | +370.1% | +597.4% |
| 2017 | +395.3% | +195.3% | +140.2% |
| 2016 | +29.7% | +174.1% | +55.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Broad Avenue Community And Economic Development Corp with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Broad Avenue Community And Economic Development Corp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.1%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with assets of $457,219 and varying levels of activity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Broad Avenue Community And Economic Development Corp's IRS 990 filings:
- Significant fluctuation in revenue and expenses without clear explanation in provided data
- High liabilities relative to recent operating revenue ($224,629 liabilities vs. $30,899 revenue in 2023)
- Consistent 0% officer compensation, which is unusual for an organization with substantial assets and activity, potentially indicating reliance on unpaid staff or alternative compensation structures not detailed.
Strengths
The following positive indicators were identified for Broad Avenue Community And Economic Development Corp:
- Consistent reporting of 0% officer compensation, indicating direct allocation of funds away from executive salaries.
- Significant growth in assets over time, from $14,287 in 2011 to $457,219 in 2023, demonstrating asset accumulation.
- Positive net assets (Assets - Liabilities) in most recent filings ($457,219 - $224,629 = $232,590 in 2023).
Frequently Asked Questions about Broad Avenue Community And Economic Development Corp
Is Broad Avenue Community And Economic Development Corp a legitimate charity?
Broad Avenue Community And Economic Development Corp (EIN: 204964031) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $93K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Broad Avenue Community And Economic Development Corp spend its money?
Broad Avenue Community And Economic Development Corp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Broad Avenue Community And Economic Development Corp tax-deductible?
Broad Avenue Community And Economic Development Corp is registered as a tax-exempt nonprofit (EIN: 204964031). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Broad Avenue Community And Economic Development Corp CEO make?
Broad Avenue Community And Economic Development Corp's highest-compensated officer earns $457,219 annually. The organization reported $93K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Broad Avenue Community And Economic Development Corp's spending goes to programs?
Broad Avenue Community And Economic Development Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Broad Avenue Community And Economic Development Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Broad Avenue Community And Economic Development Corp is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Broad Avenue Community And Economic Development Corp located?
Broad Avenue Community And Economic Development Corp is headquartered in Memphis, Tennessee and files with the IRS under EIN 204964031. It is classified under NTEE code S20.
How many years of IRS 990 filings does Broad Avenue Community And Economic Development Corp have?
Broad Avenue Community And Economic Development Corp has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $93K in total revenue.
What caused the significant revenue and expense spike in 2021?
The provided data shows a substantial increase in revenue to $432,061 and expenses to $430,231 in 2021, which is significantly higher than other years. This could indicate a large one-time grant, a major project, or a change in operational scope during that period.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization may rely entirely on volunteer leadership, or that compensation for leadership roles is categorized differently within their financial reporting, or paid by a related entity not reflected in these filings.
What is the nature of the liabilities, which reached $224,629 in 2023?
The significant increase in liabilities, particularly from $0 in 2017 to $224,629 in 2023, warrants further investigation. This could represent program-related debt, mortgages, or other financial obligations that impact the organization's financial flexibility.
What led to the sharp decline in revenue and expenses in 2022 and 2023 after the 2021 peak?
Following the peak in 2021, revenue dropped to $14,103 in 2022 and $30,899 in 2023, with corresponding decreases in expenses. This suggests a significant reduction in program activity or funding, potentially indicating the completion of a major project or a shift in funding strategy.
Filing History
IRS 990 filing history for Broad Avenue Community And Economic Development Corp showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Broad Avenue Community And Economic Development Corp's revenue has grown by 298.3%, moving from $8K to $31K. Total assets increased by 3100.2% over the same period, from $14K to $457K. Total functional expenses rose by 172.6%, from $6K to $16K. In its most recent filing year (2023), Broad Avenue Community And Economic Development Corp reported a surplus of $15K, with revenue exceeding expenses. The organization holds $225K in liabilities against $457K in assets (debt-to-asset ratio: 49.1%), resulting in net assets of $233K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31K | $16K | $457K | $225K | — | View 990 |
| 2022 | $14K | $9K | $478K | $260K | — | View 990 |
| 2021 | $432K | $430K | $498K | $285K | — | — |
| 2017 | $147K | $92K | $71K | $0 | — | View 990 |
| 2016 | $30K | $31K | $30K | $0 | — | View 990 |
| 2015 | $23K | $11K | $19K | $0 | — | View 990 |
| 2014 | $16K | $11K | $8K | $0 | — | — |
| 2013 | $14K | $12K | $2K | $0 | — | View 990 |
| 2012 | $13K | $5K | $23K | $0 | — | View 990 |
| 2011 | $8K | $6K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31K, expenses of $16K, and assets of $457K (revenue +119.1% year-over-year).
- 2022: Revenue of $14K, expenses of $9K, and assets of $478K (revenue -96.7% year-over-year).
- 2021: Revenue of $432K, expenses of $430K, and assets of $498K (revenue +193.7% year-over-year).
- 2017: Revenue of $147K, expenses of $92K, and assets of $71K (revenue +395.3% year-over-year).
- 2016: Revenue of $30K, expenses of $31K, and assets of $30K (revenue +29.7% year-over-year).
- 2015: Revenue of $23K, expenses of $11K, and assets of $19K (revenue +41.8% year-over-year).
- 2014: Revenue of $16K, expenses of $11K, and assets of $8K (revenue +14.8% year-over-year).
- 2013: Revenue of $14K, expenses of $12K, and assets of $2K (revenue +5.2% year-over-year).
- 2012: Revenue of $13K, expenses of $5K, and assets of $23K (revenue +72.3% year-over-year).
- 2011: Revenue of $8K, expenses of $6K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Broad Avenue Community And Economic Development Corp:
Data Sources and Methodology
This transparency report for Broad Avenue Community And Economic Development Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.