Break Barriers Foundation Inc

Analysis

Break Barriers Foundation Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Break Barriers Foundation Inc reported income of $167k and spending of $82k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $167k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 56% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Break Barriers Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within NV. Charities of a similar size with the same main cause include Helping Hands Grateful Hearts Inc ($167k), Bailey-Holt House Housing Development Fund Corporation ($167k) and Hands and Hearts Ending Homelessness ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $490k against liabilities of $200k, net assets of $291k.