Recoversource Inc

Analysis

Recoversource Inc is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in January 1995, 31 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 September 2024, Recoversource Inc reported income of $125k and spending of $121k, spending 97% of its income. Across the 2 years on record, from September 2023 to September 2024, income grew from $120k to $125k (+3.8%), an average of +3.8% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Recoversource Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Sheridan Health Care Foundation Inc ($125k), Homestead Womens Recovery ($125k) and North Caddo Medical Center Foundation ($125k).

On its Form 990-EZ for the period ending September 2024, revenue came from program service revenue 91% of the total. At year end it held assets of $71k against liabilities of $1.2m, net assets of -$1.1m.