Breaking Chains

Analysis

Breaking Chains is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2023, Breaking Chains reported income of $222k and spending of $157k, leaving 29% of income unspent that year. Across the 2 years on record, from April 2022 to April 2023, income fell from $235k to $222k (-5.5%), an average of -5.5% a year. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Breaking Chains sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Counseling Inc ($222k), Share Our Suzy Lowcountry ($222k) and Goshen County Task Force on Family Violence & Sexual Assault ($222k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $31k (20% of expenses). At year end it held assets of $301k against liabilities of $29k, net assets of $272k. It reported 1 employees.