Charity Search / BROAD FAMILY FOUNDATION INC
Philanthropy & Grantmaking (T22) 990 on File

BROAD FAMILY FOUNDATION INC

EIN: 30-0841409 · TRAVERSE CITY, MI 49685-8816 · United States · FY 2024 Data
3 out of 5 40 / 100 Based on 2+ years of filings
Financial strength (30%) 57/100
Reliability (20%) 50/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2024
$384K
Total Revenue
$602K
Total Expenses
$10.3M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 95.7%
Fundraising Efficiency N/A
Operating Reserve 205.14x
Liability-to-Asset 0.0%
Revenue Diversification 93.3%
Executive Compensation $0
Compared with Peers
FY 2024
Compared with 16,669 similar organizations (United States, Philanthropy & Grantmaking, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
95.7% 90.2%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
205.1 mo 95.2 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
93.3% 90.5%
P10P90
Below median
Revenue growth
Year over year revenue growth
-94.4% 18.5%
P10P90
Expense growth
Year over year expense growth
301.2% 6.7%
P10P90
Surplus margin
Surplus as a share of revenue
-56.9% 1.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $384K $602K $10.3M 95.7% —
2023 $6.9M $150K $10.5M 100.0% —
2022 $-1,071,706 $365K $3.8M 92.4% —
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Organization Details
EIN
30-0841409
State
MI
City
TRAVERSE CITY
ZIP
49685-8816
Classification
T22
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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