Friends of Recovery New York For-Ny Inc

Analysis

Friends of Recovery New York For-Ny Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in September 2008, 18 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 December 2023, Friends of Recovery New York For-Ny Inc reported income of $1.9m and spending of $1.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.9m (+64%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Recovery New York For-Ny Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Texas Ems Trauma & Acute Care Foundation ($1.9m), Serenity Recovery Connection ($1.9m) and California Programs for the Autistic Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $119k (6.5% of expenses). Other salaries and wages came to $566k. At year end it held assets of $886k against liabilities of $476k, net assets of $410k. It reported 12 employees.