Foundations for Recovery Corporation

Analysis

Foundations for Recovery Corporation is a registered charity in United States, based in Greensburg, IN. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Foundations for Recovery Corporation reported income of $131k and spending of $108k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $131k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundations for Recovery Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within IN. Charities of a similar size with the same main cause include Kriquettes Kidz ($131k), Grace of Giving ($131k) and Seaside Italian American Club ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 92% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.