Breakthrough Cincinnati Inc

Analysis

Breakthrough Cincinnati Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Cincinnati Inc reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $445k to $1.1m (+142%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Breakthrough Cincinnati Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Waverly Community House Inc ($1.1m), Vital Link Education-Business Consortium ($1.1m) and Druid Heights Community Development Corporation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $113k (9.6% of expenses). Other salaries and wages came to $116k. At year end it held assets of $1.2m against liabilities of $210k, net assets of $999k. It reported 57 employees.