AI Transparency Report
Runway For Recovery Inc has demonstrated significant growth in recent years, with its latest reported revenue at $1,899,281. However, its financial health shows some volatility. While the organization reported a surplus in 2023 ($933,302 revenue vs. $867,327 expenses), it experienced a deficit in 2022 ($559,278 revenue vs. $820,382 expenses) and 2021 ($459,856 revenue vs. $481,908 expenses). The organization's assets have fluctuated, reaching $313,496 in the latest filing, but liabilities have also been substantial, particularly in 2023 ($182,236) and 2022 ($179,377), indicating a reliance on debt or short-term obligations. The consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of spending efficiency and transparency.
The organization's NTEE code P40 (Recreational, Sports, Leisure, Athletics, Camps) suggests a focus on program delivery. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. However, the absence of officer compensation implies that a larger proportion of funds is likely allocated to direct program activities or essential operational costs. The consistent filing of IRS 990s over 12 periods demonstrates a commitment to regulatory compliance and financial transparency.