Police Assisted Addiction and Recovery Initiative Inc

Analysis

Police Assisted Addiction and Recovery Initiative Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Police Assisted Addiction and Recovery Initiative Inc reported income of $2.5m and spending of $1.0m, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $578k to $2.5m (+331%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 387%. Over the whole period it spent 76% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Police Assisted Addiction and Recovery Initiative Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Rapino Family Foundation ($2.5m), Hollidaysburg American Legion ($2.5m) and Wilmington Manor Volunteer Fire Company Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (10% of expenses). Other salaries and wages came to $452k. At year end it held assets of $2.4m against liabilities of $134k, net assets of $2.3m. It reported 6 employees.