Breakthrough Corporation

Analysis

Breakthrough Corporation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in January 2000, 26 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 June 2024, Breakthrough Corporation reported income of $7.2m and spending of $6.6m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.7m to $7.2m (+53%), an average of +8.8% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Breakthrough Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include M F Place Inc ($7.2m), Mary E Bivins Foundation ($7.3m) and Cedar Lake Residences Inc ($7.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $85k (1.3% of expenses). At year end it held assets of $4.6m against liabilities of $1.6m, net assets of $3.1m. It reported 186 employees.