Breaking the Chain Through Education Inc

Analysis

Breaking the Chain Through Education Inc is a registered charity in United States, based in Verona, NJ. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 the Chain Through Education Inc reported income of $184k and spending of $229k, spending 124% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $271k to $184k (-32%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Breaking the Chain Through Education Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Friends of Chikwa Parish NFP ($184k), Cafe Femenino Foundation ($184k) and Open Arms ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $30k (13% of expenses). Other salaries and wages came to $53k. At year end it held assets of $139k against liabilities of $1,927, net assets of $137k. It reported 3 employees.