Breaking Chains Ministry

Analysis

Breaking Chains Ministry is a registered charity in United States, based in Demorest, GA. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Breaking Chains Ministry reported income of $252k and spending of $282k, spending 112% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $217k to $252k (+16%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Breaking Chains Ministry sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within GA. Charities of a similar size with the same main cause include Happy Feet Equals Learning Feet Inc ($252k), The Shidduch Center of Baltimore Inc ($252k) and Samaras Village ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 19% of the total. Other salaries and wages came to $157k. At year end it held assets of $26k against liabilities of $46k, net assets of -$20k. It reported 6 employees.