The Breakaway Corp

Analysis

The Breakaway Corp is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, The Breakaway Corp reported income of $210k and spending of $152k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $301k to $210k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Breakaway Corp sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within IN. Charities of a similar size with the same main cause include Hope Held by a Horse ($210k), SDHB Coalition Inc ($210k) and Helping Hand Pregnancy Center ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 48% of the total. Other salaries and wages came to $76k. At year end it held assets of $417k against liabilities of $21k, net assets of $396k. It reported 7 employees.