Breaking Chains Inc

Analysis

Breaking Chains Inc is a registered charity in United States, based in Beachwood, OH. It received its IRS tax-exemption ruling in October 2009, 17 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 Chains Inc reported income of $173k and spending of $95k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $173k (+109%), an average of +109% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Breaking Chains 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 50th percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Montana on a Mission ($173k), Little Iron Mom ($173k) and Falmouth Food Pantry Inc ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $270k against liabilities of $1,271, net assets of $268k.