Barrier Breakers Inc

Analysis

Barrier Breakers Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Barrier Breakers Inc reported income of $499k and spending of $590k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $499k (+893%), an average of +893% a year. The sharpest change came in the year to December 2023, when income rose by 893%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Barrier Breakers Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Tau Sigma Inc ($499k), Coastal School Ministries Inc ($499k) and Lynwood Partners Educational Foundation ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $59k (10% of expenses). Other salaries and wages came to $278k. At year end it held assets of $9,544 against liabilities of $51k, net assets of -$41k. It reported 10 employees.