Breakthrough Phase Ii Inc
EIN: 271278542 · Knoxville, TN · NTEE: P73
| Metric | Value |
|---|---|
| Total Revenue | $85K |
| Total Expenses | $139K |
| Net Assets | $900K |
Is Breakthrough Phase Ii Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Breakthrough Phase Ii Inc
Breakthrough Phase Ii Inc (EIN: 271278542) is a nonprofit organization based in Knoxville, TN, classified under NTEE code P73. The organization reported total revenue of $85K and total assets of $938K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Breakthrough Phase Ii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Breakthrough Phase Ii Inc is a micro nonprofit that has been operating for 7 years, with 9 years of IRS 990 filings on record (2016–2024). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $82K |
| Total Expenses | $139K |
| Surplus / Deficit | $-56,327 |
| Total Assets | $967K |
| Total Liabilities | $67K |
| Net Assets | $900K |
| Operating Margin | -68.4% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 83.6 months |
Financial Health Grade: B
In 2024, Breakthrough Phase Ii Inc reported a deficit of $56K with expenses exceeding revenue, holds 83.6 months of operating reserves (strong position), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 9 years of filings (2016–2024), Breakthrough Phase Ii Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -32.7% | -1.9% | -4.4% |
| 2023 | +36.5% | +14.8% | -1.9% |
| 2022 | +3.7% | -8.0% | -1.1% |
| 2021 | +9.0% | +7.8% | -2.4% |
| 2020 | -6.8% | +4.7% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Breakthrough Phase Ii 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 Breakthrough Phase Ii 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.0%.
Frequently Asked Questions about Breakthrough Phase Ii Inc
Is Breakthrough Phase Ii Inc a legitimate charity?
Breakthrough Phase Ii Inc (EIN: 271278542) is a registered tax-exempt nonprofit based in Tennessee. It has 9 years of IRS 990 filings on record. Total revenue: $85K. No red flags identified. Financial health grade: B.
How does Breakthrough Phase Ii Inc spend its money?
Breakthrough Phase Ii Inc reported $85K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Breakthrough Phase Ii Inc tax-deductible?
Breakthrough Phase Ii Inc is registered as a tax-exempt nonprofit (EIN: 271278542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Breakthrough Phase Ii Inc located?
Breakthrough Phase Ii Inc is headquartered in Knoxville, Tennessee and files with the IRS under EIN 271278542. It is classified under NTEE code P73.
How many years of IRS 990 filings does Breakthrough Phase Ii Inc have?
Breakthrough Phase Ii Inc has 9 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 $85K in total revenue.
Filing History
IRS 990 filing history for Breakthrough Phase Ii Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2016–2024), Breakthrough Phase Ii Inc's revenue has grown by 11.7%, moving from $74K to $82K. Total assets decreased by 19% over the same period, from $1.2M to $967K. Total functional expenses rose by 34.6%, from $103K to $139K. In its most recent filing year (2024), Breakthrough Phase Ii Inc reported a deficit of $56K, with expenses exceeding revenue. The organization holds $67K in liabilities against $967K in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $900K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $82K | $139K | $967K | $67K | — | — |
| 2023 | $122K | $141K | $1.0M | $55K | — | View 990 |
| 2022 | $90K | $123K | $1.0M | $66K | — | View 990 |
| 2021 | $86K | $134K | $1.0M | $45K | — | View 990 |
| 2020 | $79K | $124K | $1.1M | $23K | — | View 990 |
| 2019 | $85K | $118K | $1.1M | $5K | — | View 990 |
| 2018 | $84K | $118K | $1.1M | $8K | — | — |
| 2017 | $82K | $115K | $1.2M | $9K | — | — |
| 2016 | $74K | $103K | $1.2M | $8K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $82K, expenses of $139K, and assets of $967K (revenue -32.7% year-over-year).
- 2023: Revenue of $122K, expenses of $141K, and assets of $1.0M (revenue +36.5% year-over-year).
- 2022: Revenue of $90K, expenses of $123K, and assets of $1.0M (revenue +3.7% year-over-year).
- 2021: Revenue of $86K, expenses of $134K, and assets of $1.0M (revenue +9.0% year-over-year).
- 2020: Revenue of $79K, expenses of $124K, and assets of $1.1M (revenue -6.8% year-over-year).
- 2019: Revenue of $85K, expenses of $118K, and assets of $1.1M (revenue +0.8% year-over-year).
- 2018: Revenue of $84K, expenses of $118K, and assets of $1.1M (revenue +2.7% year-over-year).
- 2017: Revenue of $82K, expenses of $115K, and assets of $1.2M (revenue +11.4% year-over-year).
- 2016: Revenue of $74K, expenses of $103K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Breakthrough Phase Ii Inc:
Data Sources and Methodology
This transparency report for Breakthrough Phase Ii 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.