Share Frank And Barbara Broyles Legacy Foundation – Nonprofit …

The Frank and Barbara Broyles Legacy Foundation is a non-profit organization dedicated to supporting various charitable causes. It’s important to understand that nonprofits like this often operate on a tight budget, and their financial performance can fluctuate from year to year.

In the most recent reporting year, the foundation’s revenue was $333,292. Their expenses came in at $344,177. This resulted in a net income of -$10,885, which indicates a small deficit for that year.

It’s important to remember that a negative net income doesn’t always signify a struggling organization. Nonprofits can sometimes experience temporary dips in revenue due to factors outside their control, such as changes in donor giving patterns or economic fluctuations. The foundation’s mission and impact should be assessed based on its long-term financial stability and its ability to fulfill its charitable objectives.

Looking ahead, the foundation likely focuses on strategies to increase revenue through donations, fundraising efforts, or exploring new sources of income. They might also be reviewing their expenses to identify areas where they can become more efficient. These efforts aim to ensure the foundation can continue to effectively support its chosen causes and make a lasting positive impact on the community.