Breakthrough New York Inc

Analysis

Breakthrough New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Breakthrough New York Inc reported income of $2.5m and spending of $3.0m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $2.5m (-8.9%), an average of -2.3% a year. The sharpest change came in the year to June 2023, when income dropped by 15%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Breakthrough New York Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include East Los Angeles College Foundation ($2.5m), University of Florida Development Corporation ($2.5m) and Covenant Christian Academy ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $320k (11% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.3m against liabilities of $1.5m, net assets of $2.8m. It reported 166 employees.