Surge Recovery Inc

Analysis

Surge Recovery Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Surge Recovery Inc reported income of $1.0m and spending of $915k, spending 87% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $744k to $1.0m (+41%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Surge Recovery Inc 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 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Gibb Mansion Housing Development Fund Corporation ($1.0m), Warriors Center Memphis ($1.0m) and Yes Housing of Arizona Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $50k (5.5% of expenses). Other salaries and wages came to $333k. At year end it held assets of $314k against liabilities of $11k, net assets of $303k. It reported 17 employees.