Runway for Recovery Inc

Analysis

Runway for Recovery Inc is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Runway for Recovery Inc reported income of $933k and spending of $867k, spending 93% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $64k to $933k (+1355%), an average of +71% a year. The sharpest change came in the year to June 2020, when income rose by 379%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Runway for Recovery Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include West Ouachita Senior Center ($933k), American Representative Payee Services ($933k) and Mystic Learning Center Inc ($933k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 132% of the total. Other salaries and wages came to $188k. At year end it held assets of $115k against liabilities of $182k, net assets of -$67k. It reported 2 employees.