Climate Breakthrough Inc

Analysis

Climate Breakthrough Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Climate Breakthrough Inc reported income of $54.5m and spending of $19.0m, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $12.0m to $54.5m (+355%), an average of +354% a year. The sharpest change came in the year to December 2023, when income rose by 355%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Climate Breakthrough Inc sits at the 99th 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 99th percentile within CA. Charities of a similar size with the same main cause include Panorama ($54.5m), Road to Responsibility Inc ($54.6m) and Genesee Livingston Orleans Wyoming Counties Chapter Nysarc Inc ($54.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $537k (2.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $55.9m against liabilities of $9.3m, net assets of $46.6m. It reported 13 employees.