Release Recovery Foundation Inc

Analysis

Release Recovery Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 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 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, Release Recovery Foundation Inc reported income of $1.5m and spending of $1.7m, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $813k to $1.5m (+90%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 64%. 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, Release Recovery Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Schizophrenia and Related Disorders Alliance of America ($1.5m), Mesothelioma Applied Research Foundation Inc ($1.5m) and Saint Lukes Care ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $117k (6.9% of expenses). Other salaries and wages came to $67k. At year end it held assets of $435k against liabilities of $45k, net assets of $389k. It reported 1 employees.