Remedies Renewing Lives

Analysis

Remedies Renewing Lives is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in February 1962, 64 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 June 2023, Remedies Renewing Lives reported income of $8.7m and spending of $5.9m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $8.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Remedies Renewing Lives sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include St Francis Friends of the Poor Inc St Francis Residence II ($8.7m), Keswick Foundation Inc ($8.7m) and Everett Transitional Care Services ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $440k (7.5% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $22.5m against liabilities of $634k, net assets of $21.9m. It reported 98 employees.