Breakout Foundation Inc

Analysis

Breakout Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Breakout Foundation Inc reported income of $138k and spending of $128k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $138k (+127%), an average of +127% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 147% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Breakout Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Franklin Neighborhood Development Corporation ($138k), Colbert Senior Citizens Inc ($138k) and Linden Section 4b Economic Development Corporation ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.