Breaking the Cycle

Analysis

Breaking the Cycle is a registered charity in United States, based in Millinocket, ME. It received its IRS tax-exemption ruling in March 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Breaking the Cycle reported income of $139k and spending of $177k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $201k to $139k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Breaking the Cycle sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 38th percentile within ME. Charities of a similar size with the same main cause include Second Step Inc ($139k), Family Promise of Hillsborough County Inc ($139k) and Villa Licci ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $95k (54% of expenses). At year end it held assets of $44k against liabilities of $20k, net assets of $24k. It reported 4 employees.