Recovery Nexus

Analysis

Recovery Nexus is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in June 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Recovery Nexus reported income of $140k and spending of $159k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $199k to $140k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Recovery Nexus sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within WA. Charities of a similar size with the same main cause include Ropheka Rock of the World Ministries Inc ($140k), Stop Addiction New England Inc ($140k) and Flux Acupuncture Lounge ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.