Broadmoor Improvement Association Incorporated
EIN: 237219506 · New Orleans, LA
| Metric | Value |
|---|---|
| Total Revenue | $287K |
| Total Expenses | $411K |
| Net Assets | $134K |
Is Broadmoor Improvement Association Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Broadmoor Improvement Association Incorporated
Broadmoor Improvement Association Incorporated (EIN: 237219506) is a nonprofit organization based in New Orleans, LA. The organization reported total revenue of $287K and total assets of $376K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broadmoor Improvement Association Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broadmoor Improvement Association Incorporated is a small nonprofit that has been operating for 54 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $370K |
| Total Expenses | $411K |
| Surplus / Deficit | $-41,098 |
| Total Assets | $369K |
| Total Liabilities | $235K |
| Net Assets | $134K |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 63.8% |
| Months of Reserves | 10.8 months |
Financial Health Grade: C
In 2023, Broadmoor Improvement Association Incorporated reported a deficit of $41K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 63.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Broadmoor Improvement Association Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.9% | -2.7% | -0.4% |
| 2022 | -0.7% | -3.0% | -6.6% |
| 2021 | -8.0% | +23.7% | -0.5% |
| 2020 | +120.7% | +3.5% | +138.0% |
| 2019 | -42.7% | +0.3% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Broadmoor Improvement Association Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Broadmoor Improvement Association Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.8%.
Frequently Asked Questions about Broadmoor Improvement Association Incorporated
Is Broadmoor Improvement Association Incorporated a legitimate charity?
Broadmoor Improvement Association Incorporated (EIN: 237219506) is a registered tax-exempt nonprofit based in Louisiana. It has 14 years of IRS 990 filings on record. Total revenue: $287K. No red flags identified. Financial health grade: C.
How does Broadmoor Improvement Association Incorporated spend its money?
Broadmoor Improvement Association Incorporated reported $287K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Broadmoor Improvement Association Incorporated tax-deductible?
Broadmoor Improvement Association Incorporated is registered as a tax-exempt nonprofit (EIN: 237219506). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Broadmoor Improvement Association Incorporated located?
Broadmoor Improvement Association Incorporated is headquartered in New Orleans, Louisiana and files with the IRS under EIN 237219506.
How many years of IRS 990 filings does Broadmoor Improvement Association Incorporated have?
Broadmoor Improvement Association Incorporated has 14 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 $287K in total revenue.
Filing History
IRS 990 filing history for Broadmoor Improvement Association Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Broadmoor Improvement Association Incorporated's revenue has declined by 75%, moving from $1.5M to $370K. Total assets increased by 320.6% over the same period, from $88K to $369K. Total functional expenses fell by 72.4%, from $1.5M to $411K. In its most recent filing year (2023), Broadmoor Improvement Association Incorporated reported a deficit of $41K, with expenses exceeding revenue. The organization holds $235K in liabilities against $369K in assets (debt-to-asset ratio: 63.8%), resulting in net assets of $134K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $370K | $411K | $369K | $235K | — | — |
| 2022 | $385K | $423K | $370K | $195K | — | View 990 |
| 2021 | $388K | $436K | $396K | $185K | — | View 990 |
| 2020 | $422K | $352K | $398K | $188K | — | — |
| 2019 | $191K | $340K | $167K | $344K | — | View 990 |
| 2018 | $334K | $339K | $158K | $9K | — | View 990 |
| 2017 | $376K | $355K | $158K | $8K | — | View 990 |
| 2016 | $328K | $438K | $106K | $-21,986 | — | — |
| 2015 | $265K | $324K | $185K | $6K | — | View 990 |
| 2014 | $258K | $238K | $245K | $0 | — | View 990 |
| 2013 | $97K | $306K | $77K | $0 | — | View 990 |
| 2012 | $98K | $302K | $77K | $0 | — | View 990 |
| 2011 | $883K | $516K | $580K | $8K | — | — |
| 2010 | $1.5M | $1.5M | $88K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $370K, expenses of $411K, and assets of $369K (revenue -3.9% year-over-year).
- 2022: Revenue of $385K, expenses of $423K, and assets of $370K (revenue -0.7% year-over-year).
- 2021: Revenue of $388K, expenses of $436K, and assets of $396K (revenue -8.0% year-over-year).
- 2020: Revenue of $422K, expenses of $352K, and assets of $398K (revenue +120.7% year-over-year).
- 2019: Revenue of $191K, expenses of $340K, and assets of $167K (revenue -42.7% year-over-year).
- 2018: Revenue of $334K, expenses of $339K, and assets of $158K (revenue -11.2% year-over-year).
- 2017: Revenue of $376K, expenses of $355K, and assets of $158K (revenue +14.8% year-over-year).
- 2016: Revenue of $328K, expenses of $438K, and assets of $106K (revenue +23.5% year-over-year).
- 2015: Revenue of $265K, expenses of $324K, and assets of $185K (revenue +3.0% year-over-year).
- 2014: Revenue of $258K, expenses of $238K, and assets of $245K (revenue +166.6% year-over-year).
- 2013: Revenue of $97K, expenses of $306K, and assets of $77K (revenue -1.0% year-over-year).
- 2012: Revenue of $98K, expenses of $302K, and assets of $77K (revenue -88.9% year-over-year).
- 2011: Revenue of $883K, expenses of $516K, and assets of $580K (revenue -40.5% year-over-year).
- 2010: Revenue of $1.5M, expenses of $1.5M, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Broadmoor Improvement Association Incorporated:
Data Sources and Methodology
This transparency report for Broadmoor Improvement Association Incorporated 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.