Rocovery Fitness Inc

Analysis

Rocovery Fitness Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rocovery Fitness Inc reported income of $667k and spending of $737k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $553k to $667k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rocovery Fitness Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Bright Hope Community Service Center ($667k), Stable Community Services ($667k) and Precious Years Learning Center ($667k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $74k (10% of expenses). Other salaries and wages came to $373k. At year end it held assets of $482k against liabilities of $20k, net assets of $462k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.