Breaking Ground Inc

Analysis

Breaking Ground Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Breaking Ground Inc reported income of $3.8m and spending of $3.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $3.8m (+246%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 347%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Breaking Ground Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Aging with Dignity Inc ($3.8m), Group Living Inc ($3.8m) and Marrakech Day Services Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $80k (2.1% of expenses). Other salaries and wages came to $124k. At year end it held assets of $1.2m against liabilities of $853k, net assets of $389k. It reported 3 employees.