50 Breakthroughs Foundation

Analysis

50 Breakthroughs Foundation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, 50 Breakthroughs Foundation reported income of $593k and spending of $3.5m, spending 585% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $593k (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 389%. Over the whole period it spent 57% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, 50 Breakthroughs Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Atmiya Care Charities Inc ($593k), American Friends of Sentebale Foundation ($594k) and Hunger Relief International ($593k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. Other salaries and wages came to $152k. At year end it held assets of $9.6m against liabilities of $1.7m, net assets of $8.0m. It reported 4 employees.