Twin County Recovery Services Inc

Analysis

Twin County Recovery Services Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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 December 2023, Twin County Recovery Services Inc reported income of $6.3m and spending of $5.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $6.3m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Twin County Recovery Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Catholic Charities of the Diocese of Allentown Inc ($6.3m), Nantucket Partnership for Children Inc ($6.3m) and Center for Hearing and Communication ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $91k (1.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $4.9m against liabilities of $3.4m, net assets of $1.5m. It reported 98 employees.