Peer Recovery Connection Inc

Analysis

Peer Recovery Connection Inc is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in July 2006, 20 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, Peer Recovery Connection Inc reported income of $147k and spending of $165k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $366k to $147k (-60%), an average of -20% a year. The sharpest change came in the year to June 2021, when income dropped by 42%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peer Recovery Connection Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Walk the Walk Foundation Inc ($147k), Teule ($147k) and Exeter Community Education Foundation ($147k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (28% of expenses). Other salaries and wages came to $35k. At year end it held assets of $250k against liabilities of $3,039, net assets of $247k. It reported 10 employees.