Friends for Recovery Center Inc

Analysis

Friends for Recovery Center Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in February 2023, 3 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 for Recovery Center Inc reported income of $311k and spending of $310k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $84k to $311k (+271%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 441%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends for Recovery Center Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Nine Line Foundation Inc ($311k), Connecticut Brain Tumor Allianceinc ($311k) and Starting Hearts Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Other salaries and wages came to $161k. At year end it held assets of $25k against liabilities of $0, net assets of $25k. It reported 6 employees.