Breaking Barrier - Hope Is Alive

Analysis

Breaking Barrier - Hope Is Alive is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 2016, 10 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, Breaking Barrier - Hope Is Alive reported income of $484k and spending of $273k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $484k (+316%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Breaking Barrier - Hope Is Alive sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Uptown Association Inc ($484k), Lollipop Theater Network Inc ($484k) and CTK Cares ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Other salaries and wages came to $121k. At year end it held assets of $2.0m against liabilities of $95k, net assets of $1.9m. It reported 8 employees.