Recovet

Analysis

Recovet is a registered charity in United States, based in Perryville, MO. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Recovet reported income of $73k and spending of $169k, spending 233% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $195k to $73k (-63%), an average of -63% a year. The sharpest change came in the year to December 2023, when income dropped by 63%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Recovet sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MO. Charities of a similar size with the same main cause include Marc Lane Ministries Incorporated ($73k), PTA Florida Congress ($73k) and Parent Booster USA Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $42k against liabilities of $215k, net assets of -$174k.