Iron Recovery and Wellness Center Inc

Analysis

Iron Recovery and Wellness Center Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in March 1987, 39 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 June 2023, Iron Recovery and Wellness Center Inc reported income of $5.1m and spending of $4.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $5.1m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Iron Recovery and Wellness Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include DMH Real Estate Holdings Inc ($5.1m), Carestar Foundation ($5.1m) and Sistema Infantil Teleton USA ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $2.0m against liabilities of $2.6m, net assets of -$530k.