Nuway Recovery Foundation

Analysis

Nuway Recovery Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nuway Recovery Foundation reported income of $9.7m and spending of $7.0m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $9.7m (+8232%), an average of +202% a year. The sharpest change came in the year to December 2020, when income rose by 5551%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nuway Recovery Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Masada Home Care Inc ($9.7m), Eventide ($9.7m) and Columbus Foundation Inc ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.3% of the total. Other salaries and wages came to $739k. At year end it held assets of $5.2m against liabilities of $658k, net assets of $4.5m. It reported 36 employees.