Advance Resource Recovery Corporation NFP

Analysis

Advance Resource Recovery Corporation NFP is a registered charity in United States, based in Addison, IL. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Advance Resource Recovery Corporation NFP reported income of $243k and spending of $348k, spending 144% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $241k to $243k (+0.6%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 159% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Advance Resource Recovery Corporation NFP sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Developmental Disabilities Alliance of Western New York Inc ($243k), Providence Family Life Center ($243k) and The Apartment Association Outreach Inc ($243k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $3.6m against liabilities of $362k, net assets of $3.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.