State of the Heart Recovery Inc

Analysis

State of the Heart Recovery Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, State of the Heart Recovery Inc reported income of $2.5m and spending of $2.3m, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.6m to $2.5m (+61%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, State of the Heart Recovery Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NM. Charities of a similar size with the same main cause include Recovery Survival Network ($2.5m), Thrive SS Inc ($2.5m) and Northern Dutchess Residential Health Care Facility ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $297k (13% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $156k against liabilities of $600k, net assets of -$444k. It reported 58 employees.