Breakthrough Phase I

Analysis

Breakthrough Phase I is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Breakthrough Phase I reported income of $103k and spending of $148k, spending 144% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $90k to $103k (+14%), an average of +3.4% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Breakthrough Phase I sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Munhall Road Apartments Inc ($103k), Central Pennsylvania Development Corporation Inc ($103k) and Borough Park Housing Development Fund Company Inc ($103k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $745k against liabilities of $50k, net assets of $694k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.