Great Lakes Recovery Center Foundation

Analysis

Great Lakes Recovery Center Foundation is a registered charity in United States, based in Negaunee, MI. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 September 2023, Great Lakes Recovery Center Foundation reported income of $553k and spending of $208k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to September 2023, income grew from $46k to $553k (+1102%), an average of +1102% a year. The sharpest change came in the year to September 2023, when income rose by 1102%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Great Lakes Recovery Center Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include North Carolina Public Health Association ($553k), Adult & Teen Challenge Virginia Inc ($553k) and Dumas Area Crisis Pregnancy Center ($553k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $63k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.