Breaking Chains Honduras Inc

Analysis

Breaking Chains Honduras Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in December 2011, 15 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 Chains Honduras Inc reported income of $527k and spending of $613k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $506k to $527k (+4.1%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Breaking Chains Honduras Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OK. Charities of a similar size with the same main cause include Saage International ($527k), Ordinary Nurses ($528k) and Plast Conference Inc ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $173k. At year end it held assets of $126k against liabilities of $0, net assets of $126k. It reported 4 employees.