Breakthrough Urban Ministries Inc

Analysis

Breakthrough Urban Ministries Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1992, 34 years ago. 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 June 2023, Breakthrough Urban Ministries Inc reported income of $15.8m and spending of $13.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $15.8m (+98%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Breakthrough Urban Ministries Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Visiting Nurse Association of Central Jersey Comm Health Ctr Inc ($15.8m), Lotus School for Excellence Inc ($15.8m) and Northern California Inalliance ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $294k (2.1% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $11.4m against liabilities of $5.5m, net assets of $5.9m. It reported 219 employees.