Codac Health Recovery and Wellness

Analysis

Codac Health Recovery and Wellness is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in February 1971, 55 years ago. 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 September 2023, Codac Health Recovery and Wellness reported income of $32.9m and spending of $33.3m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $35.1m to $32.9m (-6.3%), an average of -1.6% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Codac Health Recovery and Wellness sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Independent Order of Odd Fellows ($32.9m), Nysarc Inc ($32.9m) and Tax Analysts ($32.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $529k (1.6% of expenses). Other salaries and wages came to $18.8m. At year end it held assets of $39.9m against liabilities of $6.1m, net assets of $33.8m. It reported 403 employees.