MKS Recovery Inc

Analysis

MKS Recovery Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, MKS Recovery Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $812k to $1.1m (+30%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, MKS Recovery Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Elevate Lives ($1.1m), Seafarers House Inc ($1.1m) and Friends in Adoption Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $16k (1.6% of expenses). Other salaries and wages came to $603k. At year end it held assets of $204 against liabilities of $0, net assets of $204.