Recoverywerks

Analysis

Recoverywerks is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in August 2015, 11 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 March 2024, Recoverywerks reported income of $451k and spending of $542k, spending 120% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $333k to $451k (+35%), an average of +7.9% a year. The sharpest change came in the year to March 2022, when income rose by 116%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Recoverywerks sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Gunnison Home Association ($451k), Shalom House Ministries Inc ($451k) and Golfers Against Cancer Inc ($451k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $58k (11% of expenses). Other salaries and wages came to $246k. At year end it held assets of $980k against liabilities of $309k, net assets of $671k. It reported 10 employees.