True North Recovery Inc

Analysis

True North Recovery Inc is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, True North Recovery Inc reported income of $8.1m and spending of $7.9m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $8.1m (+417%), an average of +73% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, True North Recovery Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within AK. Charities of a similar size with the same main cause include Upmc and the Washington Hospital Cancer Center ($8.1m), Marian Manor Inc ($8.1m) and Northbay Education Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $794k (10% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $4.0m against liabilities of $2.5m, net assets of $1.5m. It reported 108 employees.