Recess Resources Inc

Analysis

Recess Resources Inc is a registered charity in United States, based in Vestal, NY. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Recess Resources Inc reported income of $581k and spending of $654k, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $438k to $581k (+33%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 185%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Recess Resources Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Family Renewal Project Inc ($581k), Chore Service Inc ($581k) and Print and Graphics Scholarship Foundation ($581k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $34k (5.2% of expenses). Other salaries and wages came to $472k. At year end it held assets of $130k against liabilities of $75k, net assets of $55k. It reported 27 employees.