Broder Family Foundation Inc
Broder Family Foundation consistently disburses more than its annual revenue from its substantial endowment.
EIN: 203979691 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Broder Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Broder Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Broder Family Foundation Inc
Broder Family Foundation Inc (EIN: 203979691) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $2.2M and total assets of $29.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broder Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broder Family Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $753K |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-1,608,063 |
| Total Assets | $31.8M |
| Total Liabilities | $1 |
| Net Assets | $31.8M |
| Operating Margin | -213.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 161.4 months |
Financial Health Grade: B
In 2023, Broder Family Foundation Inc reported a deficit of $1.6M with expenses exceeding revenue, holds 161.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Broder Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.8% | -34.7% | -4.8% |
| 2022 | +42.1% | +78.6% | -5.7% |
| 2021 | -21.3% | -12.7% | -2.5% |
| 2020 | -79.7% | +1.9% | -2.4% |
| 2019 | +329.3% | +80.5% | +108.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Broder Family Foundation Inc with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Broder Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $1.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, suggesting that officers are either uncompensated, compensated through an affiliated entity, or that the foundation operates with a volunteer or very low-cost leadership structure, which is a positive sign for resource allocation.
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 Broder Family Foundation Inc's IRS 990 filings:
- Consistent decline in assets since 2019 without clear offsetting revenue growth, though this is typical for foundations drawing down principal.
Strengths
The following positive indicators were identified for Broder Family Foundation Inc:
- Substantial asset base ($29,931,790) enabling significant grantmaking.
- Consistent grantmaking activity, with expenses often exceeding revenue, indicating active deployment of funds.
- Zero reported officer compensation, suggesting efficient use of resources at the executive level.
- Low liabilities ($1 across most filings), indicating strong financial stability.
Frequently Asked Questions about Broder Family Foundation Inc
Is Broder Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Broder Family Foundation Inc (EIN: 203979691) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Broder Family Foundation Inc spend its money?
Broder Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Broder Family Foundation Inc tax-deductible?
Broder Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203979691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Broder Family Foundation Inc. a good charity?
As a private grantmaking foundation, its 'goodness' is measured by its effective deployment of assets for charitable purposes. The consistent grantmaking (expenses exceeding revenue) and substantial asset base suggest it is fulfilling its mission to disburse funds, rather than accumulate them indefinitely.
What is the primary activity of the Broder Family Foundation Inc.?
Based on its NTEE code T22 and financial patterns, its primary activity is grantmaking to other charitable organizations or individuals, funded by its endowment.
Why does the foundation consistently spend more than its revenue?
This is typical for private foundations. They operate by drawing down from their accumulated endowment (assets) to make grants, rather than relying solely on annual contributions or program service revenue.
Has the foundation's asset base changed significantly?
Yes, the foundation's assets have grown significantly from $9,964,296 in 2011 to a peak of $37,164,951 in 2019, and then gradually declined to $29,931,790 in the latest filing, indicating active grantmaking from its principal.
Filing History
IRS 990 filing history for Broder Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Broder Family Foundation Inc's revenue has declined by 46.2%, moving from $1.4M to $753K. Total assets increased by 218.7% over the same period, from $10.0M to $31.8M. Total functional expenses rose by 255.5%, from $664K to $2.4M. In its most recent filing year (2023), Broder Family Foundation Inc reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $1 in liabilities against $31.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $31.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $753K | $2.4M | $31.8M | $1 | — | View 990 |
| 2022 | $1.6M | $3.6M | $33.4M | $1 | — | View 990 |
| 2021 | $1.1M | $2.0M | $35.4M | $1 | — | View 990 |
| 2020 | $1.4M | $2.3M | $36.3M | $1 | — | View 990 |
| 2019 | $7.0M | $2.3M | $37.2M | $1 | — | View 990 |
| 2015 | $1.6M | $1.3M | $17.8M | $1 | — | View 990 |
| 2014 | $1.2M | $763K | $17.5M | $1 | — | View 990 |
| 2013 | $692K | $325K | $17.0M | $1 | — | View 990 |
| 2012 | $7.3M | $619K | $16.6M | $0 | — | View 990 |
| 2011 | $1.4M | $664K | $10.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $753K, expenses of $2.4M, and assets of $31.8M (revenue -52.8% year-over-year).
- 2022: Revenue of $1.6M, expenses of $3.6M, and assets of $33.4M (revenue +42.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $2.0M, and assets of $35.4M (revenue -21.3% year-over-year).
- 2020: Revenue of $1.4M, expenses of $2.3M, and assets of $36.3M (revenue -79.7% year-over-year).
- 2019: Revenue of $7.0M, expenses of $2.3M, and assets of $37.2M (revenue +329.3% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.3M, and assets of $17.8M (revenue +33.7% year-over-year).
- 2014: Revenue of $1.2M, expenses of $763K, and assets of $17.5M (revenue +76.7% year-over-year).
- 2013: Revenue of $692K, expenses of $325K, and assets of $17.0M (revenue -90.5% year-over-year).
- 2012: Revenue of $7.3M, expenses of $619K, and assets of $16.6M (revenue +420.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $664K, and assets of $10.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Broder Family Foundation Inc:
Data Sources and Methodology
This transparency report for Broder Family Foundation 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.