Lotus Recovery Homes

Analysis

Lotus Recovery Homes is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in June 2023, 3 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, Lotus Recovery Homes reported income of $323k and spending of $306k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $99k to $323k (+227%), an average of +81% a year. The sharpest change came in the year to December 2022, when income rose by 162%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lotus Recovery Homes sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within WI. Charities of a similar size with the same main cause include Brain Injury Association of Ohio Inc ($323k), The Niekro Aneurysm and Avm Foundation ($323k) and Ga-Appna Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $71k (23% of expenses). Other salaries and wages came to $49k. At year end it held assets of $168k against liabilities of $113k, net assets of $55k. It reported 5 employees.