Recipe for Success Foundation

Analysis

Recipe for Success Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Recipe for Success Foundation reported income of $732k and spending of $1.1m, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $732k (-30%), an average of -8.6% a year. The sharpest change came in the year to June 2023, when income dropped by 45%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Recipe for Success Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Wheels of Success Inc ($732k), Thrift Love ($732k) and Cornerstone Community Development Corporation Inc ($732k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 6.8% of the total. Other salaries and wages came to $439k. At year end it held assets of $1.6m against liabilities of $180k, net assets of $1.4m. It reported 15 employees.