Foundation For Recovery Inc
Foundation For Recovery Inc maintains stable finances with zero officer compensation amidst growing assets and liabilities.
EIN: 203380211 · Las Vegas, NV · NTEE: F20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $897K |
| Transparency Score | 85/100 |
Is Foundation For Recovery Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For Recovery Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For Recovery Inc
Foundation For Recovery Inc (EIN: 203380211) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code F20. The organization reported total revenue of $2.0M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Recovery Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Recovery Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 16.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-65,589 |
| Total Assets | $4.4M |
| Total Liabilities | $3.5M |
| Net Assets | $897K |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 79.4% |
| Months of Reserves | 24.8 months |
Financial Health Grade: C
In 2023, Foundation For Recovery Inc reported a deficit of $66K with expenses exceeding revenue, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 79.4% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Foundation For Recovery Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.8% | +22.9% | -12.0% |
| 2022 | -45.2% | -12.5% | +301.5% |
| 2021 | +31.3% | -4.5% | +101.0% |
| 2020 | -2.2% | +21.7% | -36.4% |
| 2019 | +102.4% | +23.2% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foundation For Recovery Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Foundation For Recovery Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 79.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly commendable for an organization with over $2 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Foundation For Recovery Inc's IRS 990 filings:
- Significant increase in liabilities without clear explanation in summary data (from $46,825 in 2021 to $3,461,065 in 2023)
- Expenses exceeded revenue in the most recent filing period (202312: Expenses=$2,111,415, Revenue=$2,045,826)
Strengths
The following positive indicators were identified for Foundation For Recovery Inc:
- Consistent 0% officer compensation across all reported periods, indicating strong resource allocation to mission.
- Significant growth in assets from $613,498 in 2020 to $4,358,182 in 2023, suggesting financial growth and capacity.
- Overall revenue growth from $678,440 in 2014 to over $2 million in 2023, demonstrating sustained support and expansion.
- Stable financial operations with revenues consistently around $2 million in recent years.
Frequently Asked Questions about Foundation For Recovery Inc
Is Foundation For Recovery Inc a legitimate charity?
Foundation For Recovery Inc (EIN: 203380211) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Foundation For Recovery Inc spend its money?
Foundation For Recovery Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Foundation For Recovery Inc tax-deductible?
Foundation For Recovery Inc is registered as a tax-exempt nonprofit (EIN: 203380211). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Foundation For Recovery Inc CEO make?
Foundation For Recovery Inc's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Foundation For Recovery Inc's spending goes to programs?
Foundation For Recovery Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation For Recovery Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Foundation For Recovery Inc is above average for NTEE category F20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation For Recovery Inc located?
Foundation For Recovery Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 203380211. It is classified under NTEE code F20.
How many years of IRS 990 filings does Foundation For Recovery Inc have?
Foundation For Recovery Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
What is the nature of the significant increase in liabilities, from $46,825 in 2021 to $3,461,065 in 2023?
The substantial increase in liabilities, alongside a corresponding increase in assets, suggests potential investments in property, equipment, or other long-term assets, or possibly the acquisition of new programs or facilities. Further detail from the full 990 filing would be needed to understand the specific nature of these liabilities (e.g., mortgages, program-related investments).
How does Foundation For Recovery Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated through other affiliated entities, or that the organization has a unique operational model where leadership roles are not salaried positions. This is a significant positive indicator for resource allocation.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While the provided data indicates overall expenses, a detailed breakdown is not available. Understanding these specific percentages would provide a clearer picture of how efficiently the organization allocates its funds towards its mission, overhead, and fundraising efforts.
Filing History
IRS 990 filing history for Foundation For Recovery Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Foundation For Recovery Inc's revenue has grown by 602.5%, moving from $291K to $2.0M. Total assets increased by 158.6% over the same period, from $1.7M to $4.4M. Total functional expenses rose by 81%, from $1.2M to $2.1M. In its most recent filing year (2023), Foundation For Recovery Inc reported a deficit of $66K, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $4.4M in assets (debt-to-asset ratio: 79.4%), resulting in net assets of $897K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.1M | $4.4M | $3.5M | — | View 990 |
| 2022 | $1.7M | $1.7M | $5.0M | $3.7M | — | — |
| 2021 | $3.1M | $2.0M | $1.2M | $47K | — | View 990 |
| 2020 | $2.4M | $2.1M | $613K | $546K | — | View 990 |
| 2019 | $2.4M | $1.7M | $965K | $1.3M | — | View 990 |
| 2018 | $1.2M | $1.4M | $901K | $2.0M | — | View 990 |
| 2017 | $965K | $1.0M | $1.0M | $1.9M | — | View 990 |
| 2016 | $801K | $1.1M | $919K | $1.8M | — | View 990 |
| 2015 | $694K | $1.2M | $1.2M | $1.8M | — | View 990 |
| 2014 | $678K | $992K | $1.3M | $1.4M | — | View 990 |
| 2013 | $782K | $1.1M | $1.3M | $1.1M | — | View 990 |
| 2012 | $793K | $1.0M | $1.3M | $830K | — | View 990 |
| 2011 | $381K | $1.2M | $943K | $190K | — | View 990 |
| 2010 | $291K | $1.2M | $1.7M | $117K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.1M, and assets of $4.4M (revenue +18.8% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $5.0M (revenue -45.2% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.0M, and assets of $1.2M (revenue +31.3% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.1M, and assets of $613K (revenue -2.2% year-over-year).
- 2019: Revenue of $2.4M, expenses of $1.7M, and assets of $965K (revenue +102.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.4M, and assets of $901K (revenue +25.3% year-over-year).
- 2017: Revenue of $965K, expenses of $1.0M, and assets of $1.0M (revenue +20.5% year-over-year).
- 2016: Revenue of $801K, expenses of $1.1M, and assets of $919K (revenue +15.4% year-over-year).
- 2015: Revenue of $694K, expenses of $1.2M, and assets of $1.2M (revenue +2.3% year-over-year).
- 2014: Revenue of $678K, expenses of $992K, and assets of $1.3M (revenue -13.3% year-over-year).
- 2013: Revenue of $782K, expenses of $1.1M, and assets of $1.3M (revenue -1.3% year-over-year).
- 2012: Revenue of $793K, expenses of $1.0M, and assets of $1.3M (revenue +107.8% year-over-year).
- 2011: Revenue of $381K, expenses of $1.2M, and assets of $943K (revenue +30.9% year-over-year).
- 2010: Revenue of $291K, expenses of $1.2M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Recovery Inc:
Data Sources and Methodology
This transparency report for Foundation For Recovery Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.