Breakthrough Phase II Inc

Analysis

Breakthrough Phase II Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in May 2019, 7 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 June 2024, Breakthrough Phase II Inc reported income of $82k and spending of $139k, spending 168% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $79k to $82k (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 144% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Breakthrough Phase II Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within TN. Charities of a similar size with the same main cause include Youth Connection Inc ($82k), Throggs Neck Benevolent Association Inc ($82k) and Family Institute of Westchester ($82k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $967k against liabilities of $67k, net assets of $900k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.