Friends of Breakthrough Schools

Analysis

Friends of Breakthrough Schools is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Breakthrough Schools reported income of $14.9m and spending of $9.8m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.7m to $14.9m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Breakthrough Schools sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Shema Kolainu-Hear Our Voices ($14.9m), Friends Of@prospect Schools Ny Inc ($14.9m) and Monument Academy ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 24% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $121.1m against liabilities of $61.6m, net assets of $59.5m.