Addiction Solutions Corporation

Analysis

Addiction Solutions Corporation is a registered charity in United States, based in Vincennes, IN. It received its IRS tax-exemption ruling in July 2020, 6 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, Addiction Solutions Corporation reported income of $612k and spending of $518k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $209k to $612k (+193%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Addiction Solutions Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Visiting Nurse Association Foundation Inc ($612k), Olivia Caldwell Foundation Inc ($612k) and Brain Tumor Research Charity ($612k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $50k (9.6% of expenses). Other salaries and wages came to $122k. At year end it held assets of $490k against liabilities of $335k, net assets of $155k. It reported 5 employees.