Broken Connections Inc

Analysis

Broken Connections Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover employment, 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, Broken Connections Inc reported income of $234k and spending of $331k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $234k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 231%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Broken Connections Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include South Shore District Management Association ($234k), Big Red School House & Community Center Inc ($234k) and New England Women in Energy and the Environment Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $104k. At year end it held assets of $71k against liabilities of $125k, net assets of -$55k. It reported 2 employees.