Breakthrough Ministries Inc

Analysis

Breakthrough Ministries Inc is a registered charity in United States, based in Minneapolis, MN. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Breakthrough Ministries Inc reported income of $356k and spending of $456k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $876k to $356k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Breakthrough Ministries Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Haiti and Africa Relief Team Inc ($356k), Partners in Hope Inc ($356k) and Greater Warren-Youngstown Urban League Inc ($356k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $72k (16% of expenses). Other salaries and wages came to $143k. At year end it held assets of $1.0m against liabilities of $59k, net assets of $943k. It reported 7 employees.