Fred Browns Recovery Services Inc

Analysis

Fred Browns Recovery Services Inc is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 July 2023, Fred Browns Recovery Services Inc reported income of $9.0m and spending of $8.1m, spending 90% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.4m to $9.0m (+163%), an average of +27% a year. The sharpest change came in the year to July 2022, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fred Browns Recovery Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include National Review Institute ($9.0m), Boys and Girls Clubs of Napa Valley ($9.0m) and Rih Ventures ($9.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $390k (4.8% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $9.1m against liabilities of $4.9m, net assets of $4.2m. It reported 103 employees.