Breaking Chains Academy of Development Inc

Analysis

Breaking Chains Academy of Development Inc is a registered charity in United States, based in Nampa, ID. It received its IRS tax-exemption ruling in May 2016, 10 years ago. 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 Chains Academy of Development Inc reported income of $366k and spending of $283k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $115k to $366k (+219%), an average of +79% a year. The sharpest change came in the year to December 2022, when income rose by 100%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Breaking Chains Academy of Development Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within ID. Charities of a similar size with the same main cause include Crawford County Coalition on Housing Needs Inc ($366k), Montana High School Rodeo Corporation ($366k) and William Black Lodge ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $69k (24% of expenses). Other salaries and wages came to $104k. At year end it held assets of $359k against liabilities of $6,908, net assets of $352k. It reported 4 employees.