Institute for Health and Recovery Inc

Analysis

Institute for Health and Recovery Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Institute for Health and Recovery Inc reported income of $11.5m and spending of $11.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.9m to $11.5m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Institute for Health and Recovery Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Visiting Nurse Association of Cleveland ($11.5m), ALS Therapy Development Foundation Inc ($11.6m) and ALS Network ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $288k (2.6% of expenses). Other salaries and wages came to $6.1m. It paid $19k in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $564k, net assets of $4.1m. It reported 194 employees.