Network Recovery Services Inc

Analysis

Network Recovery Services Inc is a registered charity in United States, based in Jericho, NY. It received its IRS tax-exemption ruling in May 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Network Recovery Services Inc reported income of $51.7m and spending of $51.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.5m to $51.7m (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Network Recovery Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Hospice by the Sea Inc ($51.6m), Big Sandy Health Care Inc ($51.7m) and Metropolitan Washington Council of Governments ($51.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $748k (1.4% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $6.9m against liabilities of $6.9m, net assets of $15k. It reported 202 employees.