Mfi Recovery Center

Analysis

Mfi Recovery Center is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in April 1973, 53 years ago. 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 June 2023, Mfi Recovery Center reported income of $25.0m and spending of $24.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.7m to $25.0m (+70%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mfi Recovery Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Arc of New Jersey Inc ($25.0m), The Help Group Child and Family Center ($25.0m) and Healthix Inc ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $534k (2.2% of expenses). Other salaries and wages came to $13.0m. At year end it held assets of $17.2m against liabilities of $5.8m, net assets of $11.4m. It reported 438 employees.