The Recovery Foundation

Analysis

The Recovery Foundation is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Recovery Foundation reported income of $156k and spending of $1.3m, spending 849% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $100k to $156k (+57%), an average of +9.4% a year. The sharpest change came in the year to December 2019, when income rose by 1360%. Over the whole period it spent 192% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Recovery Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CO. Charities of a similar size with the same main cause include Tenzing Norgay Sherpa Foundation ($156k), Ark House Foundation ($156k) and Jim Ellis Employee Charity ($156k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 19% of the total. At year end it held assets of $5.5m against liabilities of $10k, net assets of $5.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.