Breakthrough Miami Inc

Analysis

Breakthrough Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Breakthrough Miami Inc reported income of $4.5m and spending of $5.0m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.8m to $4.5m (+63%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Breakthrough Miami Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Buckeye Community School - Marion ($4.5m), Huda School Inc ($4.5m) and American Exchange Project Inc ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $3.5m against liabilities of $138k, net assets of $3.3m. It reported 176 employees.