Career and Recovery Resources Inc

Analysis

Career and Recovery Resources Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1958, 68 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Career and Recovery Resources Inc reported income of $9.4m and spending of $9.9m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.9m to $9.4m (+145%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Career and Recovery Resources Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Vocational Visions ($9.4m), Ben Franklin Technology Partners of Northeastern Pennsylvania Inc ($9.4m) and Santa Clara County Electrical Jatc ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $162k (1.6% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $6.3m against liabilities of $2.1m, net assets of $4.2m. It reported 143 employees.