Global Recovery Inc

Analysis

Global Recovery Inc is a registered charity in United States, based in S Portland, ME. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Global Recovery Inc reported income of $83k and spending of $83k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1,000 to $83k (+8160%), an average of +809% a year. The sharpest change came in the year to December 2023, when income rose by 1080%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Global Recovery Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 25th percentile within ME. Charities of a similar size with the same main cause include Niagara Heritage of Hope and Service Inc ($83k), Infinite Love ($83k) and Inspiration Transportation ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,010 against liabilities of $0, net assets of $1,010.