Recovery Research Network Foundation Inc

Analysis

Recovery Research Network Foundation Inc is a registered charity in United States, based in Cardiff, CA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Recovery Research Network Foundation Inc reported income of $2.8m and spending of $2.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $917k to $2.8m (+209%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 190%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Recovery Research Network Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include United Way of the Ocoee Region ($2.8m), Southwest Georgia United Empowerment Zone Inc ($2.8m) and Schoolseed Foundation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $141k (5.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.5m against liabilities of $2.2m, net assets of $367k. It reported 28 employees.