Breckinridge Services Inc

Analysis

Breckinridge Services Inc is a registered charity in United States, based in Morganfield, KY. It received its IRS tax-exemption ruling in June 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 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, Breckinridge Services Inc reported income of $3.2m and spending of $3.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.2m (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Breckinridge Services Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Housing Unlimited Inc ($3.2m), Food and Shelter Inc ($3.2m) and Bishops Commons Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $3.8m against liabilities of $2.6m, net assets of $1.2m. It reported 93 employees.