Recovery Health Services Inc

Analysis

Recovery Health Services Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Recovery Health Services Inc reported income of $12.9m and spending of $13.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.7m to $12.9m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Recovery Health Services Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include The Hospital Cottages for Children ($12.9m), Bluewest Opportunities Inc ($12.9m) and Catalpa Health Inc ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $294k (2.2% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $35.9m against liabilities of $25.6m, net assets of $10.3m. It reported 276 employees.