Recovered Souls Foundation Inc

Analysis

Recovered Souls Foundation Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Recovered Souls Foundation Inc reported income of $146k and spending of $227k, spending 155% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $64k to $146k (+127%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 723%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Recovered Souls Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Indiana Home and Hospice Care Foundation Inc ($146k), Jean Pipkin Trust ($146k) and Scott Christian Care Center ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 115% of the total. At year end it held assets of $66k against liabilities of $3,970, net assets of $62k.