Nexus Recovery Center Incorporated

Analysis

Nexus Recovery Center Incorporated is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1972, 54 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 August 2023, Nexus Recovery Center Incorporated reported income of $15.3m and spending of $12.5m, spending 82% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $9.4m to $15.3m (+63%), an average of +13% a year. The sharpest change came in the year to August 2022, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nexus Recovery Center Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Janus of Santa Cruz ($15.3m), Prairie Ridge Integrated Behavioral Healthcare ($15.3m) and Capital Health Life Inc ($15.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 32% and program service revenue 44% of the total. Other salaries and wages came to $6.9m. At year end it held assets of $9.7m against liabilities of $982k, net assets of $8.7m. It reported 273 employees.