Recovery Ventures Corporation

Analysis

Recovery Ventures Corporation is a registered charity in United States, based in Black MTN, NC. It received its IRS tax-exemption ruling in December 2002, 24 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 March 2024, Recovery Ventures Corporation reported income of $2.2m and spending of $2.0m, spending 93% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $2.4m to $2.2m (-12%), an average of -3.0% a year. The sharpest change came in the year to March 2022, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Recovery Ventures Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Louisiana Center for the Blind Inc ($2.2m), Ride Cincinnati Foundation ($2.2m) and Midwest Refuah Health Center ($2.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 25% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $238k (12% of expenses). Other salaries and wages came to $409k. At year end it held assets of $3.2m against liabilities of $12k, net assets of $3.2m. It reported 19 employees.