Recovery Community Development Inc

Analysis

Recovery Community Development Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Recovery Community Development Inc reported income of $1.3m and spending of $831k, leaving 34% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $245k to $1.3m (+410%), an average of +38% a year. The sharpest change came in the year to December 2019, when income rose by 209%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Recovery Community Development Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Christian County Enterprises Inc ($1.2m), Dae Inc ($1.3m) and Plumbers &pipefitter RS 142 Joint Apprentice & Journeysman TR TR FND ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $81k (9.7% of expenses). Other salaries and wages came to $200k. At year end it held assets of $1.9m against liabilities of $217k, net assets of $1.7m.