Foundation for Recovery Inc

Analysis

Foundation for Recovery Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Foundation for Recovery Inc reported income of $2.0m and spending of $2.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.0m (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Recovery Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NV. Charities of a similar size with the same main cause include Valley Association for Independent Living Inc ($2.0m), Home for the Aged of the Little Sis Ters of the Poor of the City of Ny ($2.0m) and Space Coast Discovery Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $82k (3.9% of expenses). Other salaries and wages came to $698k. At year end it held assets of $4.4m against liabilities of $3.5m, net assets of $897k. It reported 36 employees.