Broadway Cares Equity Fights Aids Inc
Broadway Cares Equity Fights Aids consistently directs over 85% of expenses to programs, maintaining strong financial health despite recent operating deficits.
EIN: 133458820 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30.1M |
| Total Expenses | $28.7M |
| Program Spending | 87% |
| Net Assets | $9.8M |
| Transparency Score | 92/100 |
Is Broadway Cares Equity Fights Aids Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Broadway Cares Equity Fights Aids Inc directs 87% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Broadway Cares Equity Fights Aids Inc
Broadway Cares Equity Fights Aids Inc (EIN: 133458820) is a nonprofit organization based in New York, NY. The organization reported total revenue of $30.1M and total assets of $15.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broadway Cares Equity Fights Aids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broadway Cares Equity Fights Aids Inc is a large nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.2M |
| Total Expenses | $28.7M |
| Surplus / Deficit | $-4,517,773 |
| Total Assets | $15.7M |
| Total Liabilities | $5.9M |
| Net Assets | $9.8M |
| Operating Margin | -18.7% |
| Debt-to-Asset Ratio | 37.6% |
| Months of Reserves | 6.5 months |
Financial Health Grade: B
In 2023, Broadway Cares Equity Fights Aids Inc reported a deficit of $4.5M with expenses exceeding revenue, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 37.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Broadway Cares Equity Fights Aids Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | +8.4% | +11.5% |
| 2022 | -22.2% | +16.4% | -8.7% |
| 2021 | +14.8% | -15.9% | +129.6% |
| 2020 | +9.1% | +9.4% | +14.2% |
| 2019 | +4.5% | +7.0% | +34.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Broadway Cares Equity Fights Aids Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 87%
- fundraising: 5%
According to IRS 990 filings, Broadway Cares Equity Fights Aids Inc allocates its expenses as follows: admin: 8%, programs: 87%, fundraising: 5%. With 87% 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 deficit of $4.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.6%.
Executive Compensation Analysis
Broadway Cares Equity Fights Aids Inc consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led or exceptionally lean executive structure.
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 Broadway Cares Equity Fights Aids Inc's IRS 990 filings:
- Operating deficit in recent years (e.g., $4.5 million in 202309 and $1.6 million in 202209), though offset by strong asset base.
Strengths
The following positive indicators were identified for Broadway Cares Equity Fights Aids Inc:
- High program spending ratio (87% in 202309), indicating efficient use of funds.
- Consistent reporting of 0% officer compensation, demonstrating strong transparency and mission focus.
- Significant growth in assets over the past decade, from $2.0 million in 2014 to $15.6 million in 2023.
- Strong and consistent revenue generation, averaging over $20 million annually.
- Low fundraising expense ratio (5% in 202309), suggesting efficient fundraising efforts.
Frequently Asked Questions about Broadway Cares Equity Fights Aids Inc
Is Broadway Cares Equity Fights Aids Inc a legitimate charity?
Broadway Cares Equity Fights Aids Inc (EIN: 133458820) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $30.1M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Broadway Cares Equity Fights Aids Inc spend its money?
Broadway Cares Equity Fights Aids Inc directs 87% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Broadway Cares Equity Fights Aids Inc tax-deductible?
Broadway Cares Equity Fights Aids Inc is registered as a tax-exempt nonprofit (EIN: 133458820). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Broadway Cares Equity Fights Aids Inc's spending goes to programs?
Broadway Cares Equity Fights Aids Inc directs 87% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Broadway Cares Equity Fights Aids Inc located?
Broadway Cares Equity Fights Aids Inc is headquartered in New York, New York and files with the IRS under EIN 133458820.
How many years of IRS 990 filings does Broadway Cares Equity Fights Aids Inc have?
Broadway Cares Equity Fights Aids Inc has 13 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 $30.1M in total revenue.
Is Broadway Cares Equity Fights Aids Inc a good charity?
Based on its financial data, Broadway Cares Equity Fights Aids Inc appears to be a very good charity. It consistently allocates a high percentage of its expenses (e.g., 87% in 202309) directly to program services, indicating efficient use of funds for its mission. The organization also demonstrates strong financial transparency by reporting 0% officer compensation.
How has the organization's financial health changed over the last decade?
Over the last decade, Broadway Cares Equity Fights Aids Inc has shown significant growth in both revenue and assets. Revenue increased from $17.9 million in 2014 to $24.2 million in 2023, and assets grew substantially from $2.0 million to $15.6 million in the same period, indicating robust financial growth and stability.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings. This indicates that no compensation is paid to its officers, directors, trustees, or key employees, which is a highly transparent and mission-focused approach to executive pay.
Filing History
IRS 990 filing history for Broadway Cares Equity Fights Aids Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Broadway Cares Equity Fights Aids Inc's revenue has grown by 49.5%, moving from $16.2M to $24.2M. Total assets increased by 759.8% over the same period, from $1.8M to $15.7M. Total functional expenses rose by 73.5%, from $16.6M to $28.7M. In its most recent filing year (2023), Broadway Cares Equity Fights Aids Inc reported a deficit of $4.5M, with expenses exceeding revenue. The organization holds $5.9M in liabilities against $15.7M in assets (debt-to-asset ratio: 37.6%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.2M | $28.7M | $15.7M | $5.9M | — | View 990 |
| 2022 | $24.9M | $26.5M | $14.1M | $194K | — | — |
| 2021 | $32.0M | $22.8M | $15.4M | $1.8M | — | View 990 |
| 2020 | $27.9M | $27.0M | $6.7M | $3.2M | — | View 990 |
| 2019 | $25.6M | $24.7M | $5.9M | $3.0M | — | View 990 |
| 2018 | $24.5M | $23.1M | $4.4M | $1.1M | — | View 990 |
| 2017 | $22.8M | $22.6M | $4.4M | $2.9M | — | View 990 |
| 2016 | $21.3M | $21.0M | $3.1M | $3.1M | — | View 990 |
| 2015 | $21.3M | $20.9M | $3.2M | $3.3M | — | View 990 |
| 2014 | $18.0M | $18.6M | $2.1M | $2.7M | — | View 990 |
| 2013 | $16.9M | $17.8M | $2.3M | $1.9M | — | View 990 |
| 2012 | $18.2M | $17.9M | $2.6M | $2.0M | — | View 990 |
| 2011 | $16.2M | $16.6M | $1.8M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.2M, expenses of $28.7M, and assets of $15.7M (revenue -2.7% year-over-year).
- 2022: Revenue of $24.9M, expenses of $26.5M, and assets of $14.1M (revenue -22.2% year-over-year).
- 2021: Revenue of $32.0M, expenses of $22.8M, and assets of $15.4M (revenue +14.8% year-over-year).
- 2020: Revenue of $27.9M, expenses of $27.0M, and assets of $6.7M (revenue +9.1% year-over-year).
- 2019: Revenue of $25.6M, expenses of $24.7M, and assets of $5.9M (revenue +4.5% year-over-year).
- 2018: Revenue of $24.5M, expenses of $23.1M, and assets of $4.4M (revenue +7.5% year-over-year).
- 2017: Revenue of $22.8M, expenses of $22.6M, and assets of $4.4M (revenue +7.0% year-over-year).
- 2016: Revenue of $21.3M, expenses of $21.0M, and assets of $3.1M (revenue +0.1% year-over-year).
- 2015: Revenue of $21.3M, expenses of $20.9M, and assets of $3.2M (revenue +18.2% year-over-year).
- 2014: Revenue of $18.0M, expenses of $18.6M, and assets of $2.1M (revenue +6.1% year-over-year).
- 2013: Revenue of $16.9M, expenses of $17.8M, and assets of $2.3M (revenue -7.0% year-over-year).
- 2012: Revenue of $18.2M, expenses of $17.9M, and assets of $2.6M (revenue +12.5% year-over-year).
- 2011: Revenue of $16.2M, expenses of $16.6M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Broadway Cares Equity Fights Aids Inc:
Data Sources and Methodology
This transparency report for Broadway Cares Equity Fights Aids Inc 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.