Breaking the Chains 23

Analysis

Breaking the Chains 23 is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 the Chains 23 reported income of $1.1m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $509k to $1.1m (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Breaking the Chains 23 sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include 640 Columbus Investments Inc ($1.1m), Beatrice C Catullo Residence Housing Development Fund Corp ($1.1m) and Partnership Homes Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $136k (11% of expenses). Other salaries and wages came to $410k. At year end it held assets of $230k against liabilities of $59k, net assets of $170k. It reported 25 employees.