Recover Michiana Inc

Analysis

Recover Michiana Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Recover Michiana Inc reported income of $66k and spending of $66k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $66k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Recover Michiana Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within IN. Charities of a similar size with the same main cause include Witco Mary C Niland Foundation Inc ($66k), Chase City Community Services Inc ($66k) and Bedford Area Economic Development Corp ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 66% of the total. At year end it held assets of $9,278 against liabilities of $0, net assets of $9,278.