Space Coast Recovery Inc

Analysis

Space Coast Recovery Inc is a registered charity in United States, based in Cocoa, FL. It received its IRS tax-exemption ruling in April 1970, 56 years ago. 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, Space Coast Recovery Inc reported income of $1.0m and spending of $879k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $947k to $1.0m (+7.8%), an average of +1.9% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Space Coast Recovery Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Minot Catholic Schools Foundation ($1.0m), Boys and Girls Club of Faulkner County Arkansas Inc ($1.0m) and American Accountability Foundation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $106k (12% of expenses). Other salaries and wages came to $426k. At year end it held assets of $1.0m against liabilities of $5,573, net assets of $1.0m. It reported 19 employees.