Recovery Point Palatka Inc

Analysis

Recovery Point Palatka Inc is a registered charity in United States, based in Palatka, FL. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Recovery Point Palatka Inc reported income of $279k and spending of $252k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $279k (+145%), an average of +145% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Recovery Point Palatka Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Mosaic Center ($279k), Equipping Network ($279k) and Volunteers Serving the Need ($279k).

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 $65k (26% of expenses). Other salaries and wages came to $118k. At year end it held assets of $22k against liabilities of $0, net assets of $22k. It reported 6 employees.