Breakthrough Inc

Analysis

Breakthrough Inc is a registered charity in United States, based in Lincoln, VA. It received its IRS tax-exemption ruling in November 1980, 46 years ago. 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 December 2023, Breakthrough Inc reported income of $184k and spending of $194k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $184k (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Breakthrough Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Sharon Bethel School ($184k), PTA Texas Congress ($184k) and Massachusetts Clubhouse Coalition Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (38% of expenses). Other salaries and wages came to $20k. At year end it held assets of $183k against liabilities of $36k, net assets of $147k. It reported 7 employees.