Recovery Solutions of Northeast Ohio

Analysis

Recovery Solutions of Northeast Ohio is a registered charity in United States, based in Euclid, OH. It received its IRS tax-exemption ruling in October 2019, 7 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 December 2023, Recovery Solutions of Northeast Ohio reported income of $811k and spending of $860k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $635k to $811k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 170%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Recovery Solutions of Northeast Ohio sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Fall River Community Housing Resource Board Inc ($811k), Fair Housing Contact Service Inc ($812k) and Pine Vale Childrens Home Inc ($811k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $178k (21% of expenses). Other salaries and wages came to $170k. At year end it held assets of $145 against liabilities of $294k, net assets of -$294k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.