Break the Grey Inc

Analysis

Break the Grey Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Break the Grey Inc reported income of $175k and spending of $154k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $469k to $175k (-63%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Break the Grey Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within IN. Charities of a similar size with the same main cause include Montana Jewish Project ($175k), Leslie James Dba Alter Ministries Inc ($175k) and Camp Presmont Inc ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (15% of expenses). Other salaries and wages came to $54k. At year end it held assets of $8,176 against liabilities of $136k, net assets of -$127k. It reported 1 employees.