Break the Cycle Foundation- Built on the Cornerstone of Christ

Analysis

Break the Cycle Foundation- Built on the Cornerstone of Christ is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in September 2012, 14 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, Break the Cycle Foundation- Built on the Cornerstone of Christ reported income of $127k and spending of $149k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $319k to $127k (-60%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Break the Cycle Foundation- Built on the Cornerstone of Christ sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within SC. Charities of a similar size with the same main cause include Fairs Evangelizing Haiti Inc ($127k), Tikvah Layeled Foundation Inc ($127k) and Lutheran Association for Developementally Disabled Inc ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. Compensation of current officers, directors and key employees was $34k (23% of expenses). At year end it held assets of $30k against liabilities of $0, net assets of $30k. It reported 7 employees.