Break-Away Ministries Inc

Analysis

Break-Away Ministries Inc is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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-Away Ministries Inc reported income of $472k and spending of $489k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $282k to $472k (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Break-Away Ministries Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Council of Financial Educators Inc ($472k), Christian African Leadership Ministries ($472k) and Daf a Week Inc ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $65k (13% of expenses). Other salaries and wages came to $2,979. At year end it held assets of $273k against liabilities of $0, net assets of $273k. It reported 1 employees.