Breakers Labs Inc

Analysis

Breakers Labs Inc is a registered charity in United States, based in Vista, CA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Breakers Labs Inc reported income of $283k and spending of $292k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $284k to $283k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Breakers Labs Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Batavia Youth Athletics Inc ($283k), Fit & Able Productions Inc ($283k) and Iceliners Synchronized Skating ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.