Recovery Innovations Inc

Analysis

Recovery Innovations Inc is a registered charity in United States, based in Eatontown, NJ. It received its IRS tax-exemption ruling in May 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Recovery Innovations Inc reported income of $783k and spending of $949k, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $914k to $783k (-14%), an average of -5.0% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Recovery Innovations Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Homeward Bound USA Inc Homeward Bound Adirondacks ($783k), Depression and Bipolar Support Alliance ($783k) and Cherish a Child USA ($783k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $480k. At year end it held assets of $501k against liabilities of $75k, net assets of $427k. It reported 10 employees.