Breaking Chains Honduras Inc
EIN: 453633155 · Oklahoma City, OK · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $530K |
| Total Expenses | $613K |
| Net Assets | $126K |
Is Breaking Chains Honduras Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Breaking Chains Honduras Inc
Breaking Chains Honduras Inc (EIN: 453633155) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code Q33. The organization reported total revenue of $530K and total assets of $141K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Breaking Chains Honduras Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Breaking Chains Honduras Inc is a small nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $527K |
| Total Expenses | $613K |
| Surplus / Deficit | $-85,819 |
| Total Assets | $126K |
| Net Assets | $126K |
| Operating Margin | -16.3% |
| Months of Reserves | 2.5 months |
Financial Health Grade: C
In 2023, Breaking Chains Honduras Inc reported a deficit of $86K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2012–2023), Breaking Chains Honduras Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.3% | +23.8% | -40.5% |
| 2022 | +39.5% | +8.5% | +88.4% |
| 2021 | -6.0% | +8.7% | -21.2% |
| 2020 | -10.4% | -14.7% | +29.8% |
| 2019 | +9.9% | -3.2% | +14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Breaking Chains Honduras Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Breaking Chains Honduras Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $86K, with expenses exceeding revenue.
Frequently Asked Questions about Breaking Chains Honduras Inc
Is Breaking Chains Honduras Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Breaking Chains Honduras Inc (EIN: 453633155) insufficient data. 0 red flags identified, 0 strengths noted.
How does Breaking Chains Honduras Inc spend its money?
Detailed spending breakdown data is not yet available for Breaking Chains Honduras Inc. Check back for updated IRS 990 analysis.
Are donations to Breaking Chains Honduras Inc tax-deductible?
Breaking Chains Honduras Inc is registered as a tax-exempt nonprofit (EIN: 453633155). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Breaking Chains Honduras Inc located?
Breaking Chains Honduras Inc is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 453633155. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Breaking Chains Honduras Inc have?
Breaking Chains Honduras Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $530K in total revenue.
Filing History
IRS 990 filing history for Breaking Chains Honduras Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Breaking Chains Honduras Inc's revenue has grown by 47.5%, moving from $357K to $527K. Total assets increased by 154.4% over the same period, from $50K to $126K. Total functional expenses rose by 99.1%, from $308K to $613K. In its most recent filing year (2023), Breaking Chains Honduras Inc reported a deficit of $86K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $527K | $613K | $126K | $0 | — | — |
| 2022 | $595K | $495K | $212K | $0 | — | View 990 |
| 2021 | $426K | $456K | $113K | $0 | — | View 990 |
| 2020 | $453K | $420K | $143K | $0 | — | View 990 |
| 2019 | $506K | $492K | $110K | $867 | — | View 990 |
| 2018 | $461K | $508K | $96K | $867 | — | View 990 |
| 2017 | $398K | $381K | $143K | $1K | — | View 990 |
| 2016 | $469K | $423K | $126K | $912 | — | View 990 |
| 2015 | $419K | $400K | $81K | $870 | — | View 990 |
| 2014 | $431K | $448K | $61K | $0 | — | View 990 |
| 2013 | $276K | $248K | $78K | $0 | — | View 990 |
| 2012 | $357K | $308K | $50K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $527K, expenses of $613K, and assets of $126K (revenue -11.3% year-over-year).
- 2022: Revenue of $595K, expenses of $495K, and assets of $212K (revenue +39.5% year-over-year).
- 2021: Revenue of $426K, expenses of $456K, and assets of $113K (revenue -6.0% year-over-year).
- 2020: Revenue of $453K, expenses of $420K, and assets of $143K (revenue -10.4% year-over-year).
- 2019: Revenue of $506K, expenses of $492K, and assets of $110K (revenue +9.9% year-over-year).
- 2018: Revenue of $461K, expenses of $508K, and assets of $96K (revenue +15.7% year-over-year).
- 2017: Revenue of $398K, expenses of $381K, and assets of $143K (revenue -15.0% year-over-year).
- 2016: Revenue of $469K, expenses of $423K, and assets of $126K (revenue +11.9% year-over-year).
- 2015: Revenue of $419K, expenses of $400K, and assets of $81K (revenue -2.8% year-over-year).
- 2014: Revenue of $431K, expenses of $448K, and assets of $61K (revenue +56.0% year-over-year).
- 2013: Revenue of $276K, expenses of $248K, and assets of $78K (revenue -22.7% year-over-year).
- 2012: Revenue of $357K, expenses of $308K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Breaking Chains Honduras Inc:
Data Sources and Methodology
This transparency report for Breaking Chains Honduras Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.