Breakthrough Phase III Inc

Analysis

Breakthrough Phase III Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Breakthrough Phase III Inc reported income of $91k and spending of $148k, spending 163% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $78k to $91k (+16%), an average of +3.9% a year. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Breakthrough Phase III Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include NYC Inc ($91k), Azalea Trace Inc ($91k) and Gila Region Resale & Repair ($91k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $1.1m against liabilities of $70k, net assets of $988k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.