Lotus Recovery Inc

Analysis

Lotus Recovery Inc is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in July 2019, 7 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lotus Recovery Inc reported income of $1.1m and spending of $1.2m, spending 106% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $292k to $1.1m (+273%), an average of +93% a year. The sharpest change came in the year to September 2022, when income rose by 222%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lotus Recovery Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Antara International Inc ($1.1m), Link Counseling Center Inc ($1.1m) and Cathedral Gerontology Center Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $688k. At year end it held assets of $56k against liabilities of $88k, net assets of -$32k. It reported 18 employees.