First Break Academy

Analysis

First Break Academy is a registered charity in United States, based in Manhattan BCH, CA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Break Academy reported income of $146k and spending of $108k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $314k to $146k (-53%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 59% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, First Break Academy sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Lake Highlands Highlandettes Parents Association ($146k), Ohio Valley Region CSB Ministries ($146k) and New Fairfield Aquaflyers ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 4.4% of the total. At year end it held assets of $325k against liabilities of $5,556, net assets of $319k.