Breakwater Learning

Analysis

Breakwater Learning is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in October 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Breakwater Learning reported income of $4.8m and spending of $4.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.8m (+24%), an average of +5.5% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Breakwater Learning sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within ME. Charities of a similar size with the same main cause include Youthbuild DC Public Charter School Inc ($4.8m), Indiana County Head Start Inc County ($4.8m) and Knowledge Quest Academy ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $150k (3.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $5.9m against liabilities of $3.6m, net assets of $2.3m. It reported 148 employees.