Breakthrough Phase Iii Inc
EIN: 453994560 · Knoxville, TN · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $98K |
| Total Expenses | $148K |
| Net Assets | $988K |
Is Breakthrough Phase Iii 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 Iii Inc
Breakthrough Phase Iii Inc (EIN: 453994560) is a nonprofit organization based in Knoxville, TN, classified under NTEE code L20. The organization reported total revenue of $98K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Breakthrough Phase Iii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Breakthrough Phase Iii Inc is a micro nonprofit that has been operating for 11 years, with 11 years of IRS 990 filings on record (2014–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $148K |
| Surplus / Deficit | $-57,013 |
| Total Assets | $1.1M |
| Total Liabilities | $70K |
| Net Assets | $988K |
| Operating Margin | -62.8% |
| Debt-to-Asset Ratio | 6.6% |
| Months of Reserves | 85.9 months |
Financial Health Grade: B
In 2024, Breakthrough Phase Iii Inc reported a deficit of $57K with expenses exceeding revenue, holds 85.9 months of operating reserves (strong position), has a debt-to-asset ratio of 6.6% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.4% | +20.2% | -2.8% |
| 2023 | +5.7% | +1.9% | -3.6% |
| 2022 | +4.7% | -0.4% | -0.6% |
| 2021 | +3.8% | +3.0% | -2.7% |
| 2020 | -0.2% | +9.6% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Breakthrough Phase Iii 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 Iii 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 $57K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.6%.
Frequently Asked Questions about Breakthrough Phase Iii Inc
Is Breakthrough Phase Iii Inc a legitimate charity?
Breakthrough Phase Iii Inc (EIN: 453994560) is a registered tax-exempt nonprofit based in Tennessee. It has 11 years of IRS 990 filings on record. Total revenue: $98K. No red flags identified. Financial health grade: B.
How does Breakthrough Phase Iii Inc spend its money?
Breakthrough Phase Iii Inc reported $98K in total revenue in IRS 990 filings. 11 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 Iii Inc tax-deductible?
Breakthrough Phase Iii Inc is registered as a tax-exempt nonprofit (EIN: 453994560). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Breakthrough Phase Iii Inc located?
Breakthrough Phase Iii Inc is headquartered in Knoxville, Tennessee and files with the IRS under EIN 453994560. It is classified under NTEE code L20.
How many years of IRS 990 filings does Breakthrough Phase Iii Inc have?
Breakthrough Phase Iii Inc has 11 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 $98K in total revenue.
Filing History
IRS 990 filing history for Breakthrough Phase Iii Inc showing financial trends over 11 years of public records:
In its most recent filing year (2024), Breakthrough Phase Iii Inc reported a deficit of $57K, with expenses exceeding revenue. The organization holds $70K in liabilities against $1.1M in assets (debt-to-asset ratio: 6.6%), resulting in net assets of $988K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $91K | $148K | $1.1M | $70K | — | — |
| 2023 | $90K | $123K | $1.1M | $44K | — | View 990 |
| 2022 | $85K | $121K | $1.1M | $61K | — | — |
| 2021 | $81K | $121K | $1.1M | $32K | — | — |
| 2020 | $78K | $118K | $1.2M | $23K | — | View 990 |
| 2019 | $78K | $107K | $1.2M | $10K | — | View 990 |
| 2018 | $71K | $114K | $1.2M | $25K | — | — |
| 2017 | $71K | $99K | $1.3M | $41K | — | View 990 |
| 2016 | $158K | $100K | $1.3M | $43K | — | View 990 |
| 2015 | $85K | $36K | $1.3M | $131K | — | View 990 |
| 2014 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $91K, expenses of $148K, and assets of $1.1M (revenue +1.4% year-over-year).
- 2023: Revenue of $90K, expenses of $123K, and assets of $1.1M (revenue +5.7% year-over-year).
- 2022: Revenue of $85K, expenses of $121K, and assets of $1.1M (revenue +4.7% year-over-year).
- 2021: Revenue of $81K, expenses of $121K, and assets of $1.1M (revenue +3.8% year-over-year).
- 2020: Revenue of $78K, expenses of $118K, and assets of $1.2M (revenue -0.2% year-over-year).
- 2019: Revenue of $78K, expenses of $107K, and assets of $1.2M (revenue +10.1% year-over-year).
- 2018: Revenue of $71K, expenses of $114K, and assets of $1.2M (revenue +0.2% year-over-year).
- 2017: Revenue of $71K, expenses of $99K, and assets of $1.3M (revenue -55.1% year-over-year).
- 2016: Revenue of $158K, expenses of $100K, and assets of $1.3M (revenue +86.0% year-over-year).
- 2015: Revenue of $85K, expenses of $36K, and assets of $1.3M.
- 2014: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Breakthrough Phase Iii Inc:
Data Sources and Methodology
This transparency report for Breakthrough Phase Iii 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.