Chainbreaker Collective

Analysis

Chainbreaker Collective is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in January 2013, 13 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, Chainbreaker Collective reported income of $535k and spending of $702k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $535k (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chainbreaker Collective sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NM. Charities of a similar size with the same main cause include Hope House of Moultrie Inc ($535k), Blackfem Inc ($535k) and Tioga County Open Door Mission of Owego N Y Inc ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $85k (12% of expenses). Other salaries and wages came to $239k. At year end it held assets of $931k against liabilities of $184k, net assets of $746k. It reported 7 employees.