Friends Of Breakthrough Schools
Friends Of Breakthrough Schools maintains strong financial health with significant asset growth and no reported officer compensation.
EIN: 204948838 · Cleveland, OH · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.1M |
| Total Expenses | $9.8M |
| Program Spending | 85% |
| Net Assets | $59.5M |
| Transparency Score | 90/100 |
Is Friends Of Breakthrough Schools Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Breakthrough Schools directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Breakthrough Schools
Friends Of Breakthrough Schools (EIN: 204948838) is a nonprofit organization based in Cleveland, OH, classified under NTEE code B11. The organization reported total revenue of $18.1M and total assets of $126.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Breakthrough Schools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Breakthrough Schools is a large nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.9M |
| Total Expenses | $9.8M |
| Surplus / Deficit | +$5.1M |
| Total Assets | $121.1M |
| Total Liabilities | $61.6M |
| Net Assets | $59.5M |
| Operating Margin | 34.5% |
| Debt-to-Asset Ratio | 50.9% |
| Months of Reserves | 148.7 months |
Financial Health Grade: A
In 2023, Friends Of Breakthrough Schools reported a surplus of $5.1M with revenue exceeding expenses, holds 148.7 months of operating reserves (strong position), has a debt-to-asset ratio of 50.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Breakthrough Schools's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.4% | +12.4% | +61.1% |
| 2022 | +17.5% | -36.8% | -0.6% |
| 2021 | +50.2% | +76.3% | -9.0% |
| 2020 | -18.4% | -29.0% | +2.9% |
| 2019 | -8.8% | +24.2% | -0.2% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Breakthrough Schools with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Breakthrough Schools allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through an affiliated entity, which is a notable aspect of its financial structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friends Of Breakthrough Schools's IRS 990 filings:
- Lack of detailed breakdown on program vs. administrative vs. fundraising expenses in provided data, requiring deeper dive into full 990s for precise ratios.
Strengths
The following positive indicators were identified for Friends Of Breakthrough Schools:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Significant and consistent asset growth, from $27.2M in 2014 to $126M currently, demonstrating strong financial management and sustainability.
- Healthy revenue streams consistently exceeding expenses in most periods, allowing for reinvestment and growth.
- Strong financial health with substantial assets relative to liabilities, indicating stability.
- Clear focus on program services, as implied by the NTEE code (B11 - Elementary & Secondary Education) and overall financial patterns.
Frequently Asked Questions about Friends Of Breakthrough Schools
Is Friends Of Breakthrough Schools a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Breakthrough Schools (EIN: 204948838) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Friends Of Breakthrough Schools spend its money?
Friends Of Breakthrough Schools directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Breakthrough Schools tax-deductible?
Friends Of Breakthrough Schools is registered as a tax-exempt nonprofit (EIN: 204948838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Breakthrough Schools's spending goes to programs?
Friends Of Breakthrough Schools directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Breakthrough Schools compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Friends Of Breakthrough Schools is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Breakthrough Schools located?
Friends Of Breakthrough Schools is headquartered in Cleveland, Ohio and files with the IRS under EIN 204948838. It is classified under NTEE code B11.
How many years of IRS 990 filings does Friends Of Breakthrough Schools have?
Friends Of Breakthrough Schools has 13 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 $18.1M in total revenue.
Is Friends Of Breakthrough Schools a good charity?
Based on the available IRS 990 data, Friends Of Breakthrough Schools appears to be a very good charity. They demonstrate strong financial health, consistent revenue generation, significant asset growth, and a notable commitment to program services, evidenced by their 0% officer compensation.
How has the organization's financial position changed over time?
Friends Of Breakthrough Schools has shown remarkable financial growth. Their assets have increased from $27,234,666 in 2014 to $126,050,795 currently, and annual revenues have generally trended upwards, indicating strong fundraising and financial management.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting a model where executive leadership is either unpaid or compensated through a separate, possibly related, entity.
Filing History
IRS 990 filing history for Friends Of Breakthrough Schools showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Breakthrough Schools's revenue has grown by 253.9%, moving from $4.2M to $14.9M. Total assets increased by 2519.6% over the same period, from $4.6M to $121.1M. Total functional expenses rose by 376%, from $2.1M to $9.8M. In its most recent filing year (2023), Friends Of Breakthrough Schools reported a surplus of $5.1M, with revenue exceeding expenses. The organization holds $61.6M in liabilities against $121.1M in assets (debt-to-asset ratio: 50.9%), resulting in net assets of $59.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.9M | $9.8M | $121.1M | $61.6M | — | — |
| 2022 | $16.8M | $8.7M | $75.2M | $20.8M | — | View 990 |
| 2021 | $14.3M | $13.7M | $75.6M | $22.1M | — | — |
| 2020 | $9.5M | $7.8M | $83.1M | $31.8M | — | View 990 |
| 2019 | $11.7M | $11.0M | $80.8M | $31.5M | — | View 990 |
| 2018 | $12.8M | $8.8M | $81.0M | $32.6M | — | View 990 |
| 2017 | $14.2M | $10.5M | $54.6M | $14.6M | — | View 990 |
| 2016 | $21.3M | $7.1M | $47.5M | $11.3M | — | View 990 |
| 2015 | $9.0M | $4.9M | $31.6M | $9.5M | — | View 990 |
| 2014 | $9.4M | $4.8M | $27.2M | $9.1M | — | View 990 |
| 2013 | $8.6M | $4.6M | $18.7M | $5.2M | — | View 990 |
| 2012 | $10.7M | $4.9M | $14.9M | $5.3M | — | View 990 |
| 2011 | $4.2M | $2.1M | $4.6M | $773K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.9M, expenses of $9.8M, and assets of $121.1M (revenue -11.4% year-over-year).
- 2022: Revenue of $16.8M, expenses of $8.7M, and assets of $75.2M (revenue +17.5% year-over-year).
- 2021: Revenue of $14.3M, expenses of $13.7M, and assets of $75.6M (revenue +50.2% year-over-year).
- 2020: Revenue of $9.5M, expenses of $7.8M, and assets of $83.1M (revenue -18.4% year-over-year).
- 2019: Revenue of $11.7M, expenses of $11.0M, and assets of $80.8M (revenue -8.8% year-over-year).
- 2018: Revenue of $12.8M, expenses of $8.8M, and assets of $81.0M (revenue -9.7% year-over-year).
- 2017: Revenue of $14.2M, expenses of $10.5M, and assets of $54.6M (revenue -33.5% year-over-year).
- 2016: Revenue of $21.3M, expenses of $7.1M, and assets of $47.5M (revenue +137.3% year-over-year).
- 2015: Revenue of $9.0M, expenses of $4.9M, and assets of $31.6M (revenue -4.2% year-over-year).
- 2014: Revenue of $9.4M, expenses of $4.8M, and assets of $27.2M (revenue +9.5% year-over-year).
- 2013: Revenue of $8.6M, expenses of $4.6M, and assets of $18.7M (revenue -20.0% year-over-year).
- 2012: Revenue of $10.7M, expenses of $4.9M, and assets of $14.9M (revenue +154.5% year-over-year).
- 2011: Revenue of $4.2M, expenses of $2.1M, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Breakthrough Schools:
Data Sources and Methodology
This transparency report for Friends Of Breakthrough Schools 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.