Veterans Recovery Resources

Analysis

Veterans Recovery Resources is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Veterans Recovery Resources reported income of $4.4m and spending of $3.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $644k to $4.4m (+587%), an average of +62% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Recovery Resources sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within AL. Charities of a similar size with the same main cause include Holston Habitat for Humanity Inc ($4.4m), Home Based Services Initiative LLC ($4.4m) and Endtime Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $471k (12% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $7.2m against liabilities of $5.3m, net assets of $2.0m. It reported 46 employees.