Breakaway Inc

Analysis

Breakaway Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1983, 43 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 May 2024, Breakaway Inc reported income of $257k and spending of $246k, spending 96% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $265k to $257k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to May 2021, when income rose by 65%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Breakaway Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include American Chronic Pain Association Inc ($257k), Stairways Supported Housing Corporation ($257k) and Positive Communication Practices Inc ($257k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $63k (26% of expenses). At year end it held assets of $156k against liabilities of $37k, net assets of $119k. It reported 1 employees.