Breakthrough Energy Foundation

Analysis

Breakthrough Energy Foundation is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Breakthrough Energy Foundation reported income of $115.2m and spending of $107.7m, spending 94% of its income. Across the 4 years on record, from June 2021 to December 2023, income fell from $265.2m to $115.2m (-57%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 2051%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Breakthrough Energy Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include University of Toledo Physicians Clinical Facility Inc ($114.8m), Neighborhood Association for Inter Cultural Affairs Inc ($115.9m) and Harding University ($114.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $149.4m against liabilities of $4.4m, net assets of $145.0m.