Broken Chains

Analysis

Broken Chains is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in August 2017, 9 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 2022, Broken Chains reported income of $63k and spending of $69k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $63k to $63k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 167%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Broken Chains sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Alex Mandarino Foundation ($63k), With Grace Initiative a NJ Nonprofit Corporation ($63k) and Chovis Gam Sacchidanand Medical & Reaserch Center ($63k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 48% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.