Sharpen Recovery

Analysis

Sharpen Recovery is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2016, 10 years ago. 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, Sharpen Recovery reported income of $1.2m and spending of $1.0m, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $272k to $1.2m (+332%), an average of +108% a year. The sharpest change came in the year to December 2022, when income rose by 162%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sharpen Recovery sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include American Culinary Federation Education Foundation ($1.2m), Every1 Can Work ($1.2m) and Adventist Community Services North America Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $82k (7.9% of expenses). Other salaries and wages came to $227k. At year end it held assets of $437k against liabilities of $1,333, net assets of $436k. It reported 7 employees.