North Texas Solutions for Recovery Inc

Analysis

North Texas Solutions for Recovery Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in September 2009, 17 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 December 2023, North Texas Solutions for Recovery Inc reported income of $1.5m and spending of $1.6m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Texas Solutions for Recovery Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Texas Christian Educational Foundation Inc ($1.5m), Dailys Foundation Inc ($1.5m) and Lithuanian World Center ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 47% of the total. Other salaries and wages came to $851k. At year end it held assets of $3.2m against liabilities of $3.4m, net assets of -$200k. It reported 21 employees.