Connecticut Valley Addiction Recovery Inc

Analysis

Connecticut Valley Addiction Recovery Inc is a registered charity in United States, based in White Riv JCT, VT. It received its IRS tax-exemption ruling in March 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Connecticut Valley Addiction Recovery Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $244k to $1.2m (+378%), an average of +68% a year. The sharpest change came in the year to December 2021, when income rose by 307%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Connecticut Valley Addiction Recovery Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within VT. Charities of a similar size with the same main cause include Hispanic Dental Association ($1.2m), Women Organized to Make Abuse Non Existent Inc ($1.2m) and Hearts in Motion Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $201k (17% of expenses). Other salaries and wages came to $558k. At year end it held assets of $19k against liabilities of $24k, net assets of -$5,905. It reported 21 employees.

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.