Breakthrough Atlanta Inc

Analysis

Breakthrough Atlanta Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Breakthrough Atlanta Inc reported income of $2.2m and spending of $1.4m, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $753k to $2.2m (+190%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 90%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Breakthrough Atlanta Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Hbcu Community Development Action Coalition ($2.2m), Regina Luminis Academy ($2.2m) and Martin Pitt Partnership for Children Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $131k (9.2% of expenses). Other salaries and wages came to $761k. At year end it held assets of $6.3m against liabilities of $1.7m, net assets of $4.6m.