Network Recovery Services Inc

Network Recovery Services Inc consistently operates at break-even with no reported officer compensation amidst significant revenue growth and high leverage.

EIN: 113160901 · Jericho, NY · Updated: 2026-03-28

$56.3MRevenue

$6.2MAssets

75/100Mission Score (Good)

Is Network Recovery Services Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

4 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Network Recovery Services Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Network Recovery Services Inc

Network Recovery Services Inc (EIN: 113160901) is a nonprofit organization based in Jericho, NY. The organization reported total revenue of $56.3M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Network Recovery Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Network Recovery Services Inc demonstrates a consistent pattern of matching expenses to revenue, as seen in all provided filings where Revenue equals Expenses. This indicates a break-even operational model, which is common for some non-profits, but it also means there is no surplus being generated to build unrestricted reserves. The organization has shown significant growth in revenue, from $20,873,786 in 2014 to $51,702,471 in 2023, indicating an expanding scale of operations. However, the asset base has fluctuated, with a notable decrease from $11,073,062 in 2019 to $6,873,695 in 2023, while liabilities remain very close to assets, suggesting a highly leveraged financial structure.

The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and potentially efficient use of funds, as it suggests that top leadership is not drawing a salary from the organization. This practice, if accurate and sustained, can contribute positively to public trust. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging. The close proximity of assets and liabilities in each period, with liabilities consistently just slightly below assets, suggests that most assets are offset by obligations, leaving minimal net assets for the organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Network Recovery Services Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Network Recovery Services Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all 14 filings, which is highly unusual for an organization with revenues exceeding $50 million. This suggests either a volunteer leadership model or that compensation is reported under different categories, warranting further investigation for complete transparency.

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 Network Recovery Services Inc's IRS 990 filings:

Consistent 0% officer compensation for a large organization, which may obscure actual executive remuneration if reported elsewhere.
Liabilities consistently very close to total assets, indicating a highly leveraged financial position with minimal net assets.
Lack of detailed spending breakdown (program, admin, fundraising) in the provided data makes a full efficiency assessment difficult.
Significant decrease in assets from $11,073,062 in 2019 to $6,873,695 in 2023 despite revenue growth.

Strengths

The following positive indicators were identified for Network Recovery Services Inc:

Consistent revenue growth, from $20.8M in 2014 to $51.7M in 2023, indicating expanding operations and impact.
Operational efficiency in matching expenses to revenue, suggesting careful financial management to avoid deficits.
No reported officer compensation, which, if accurate, demonstrates a strong commitment to directing funds towards the mission rather than executive salaries.

Frequently Asked Questions about Network Recovery Services Inc

Is Network Recovery Services Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Network Recovery Services Inc (EIN: 113160901) some concerns. Mission Score: 75/100. 4 red flags identified, 3 strengths noted.

How does Network Recovery Services Inc spend its money?

Network Recovery Services Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Network Recovery Services Inc tax-deductible?

Network Recovery Services Inc is registered as a tax-exempt nonprofit (EIN: 113160901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does Network Recovery Services Inc manage to operate with 0% officer compensation given its substantial revenue?

The consistent reporting of 0% officer compensation across all filings for an organization with revenues exceeding $50 million is highly unusual. It could indicate a volunteer-led executive team, or that executive compensation is categorized differently within the financial statements, which would require a deeper dive into the full IRS Form 990 to understand.

What is the specific breakdown of program, administrative, and fundraising expenses?

The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. While the organization consistently reports total expenses equal to total revenue, without this granular detail, it's difficult to fully assess spending efficiency and how funds are allocated across its mission, overhead, and fundraising efforts.

Why have assets decreased significantly from $11,073,062 in 2019 to $6,873,695 in 2023?

The decrease in assets over recent years, despite substantial revenue growth, suggests potential changes in asset management, investment strategies, or increased utilization of assets to cover liabilities. Given that liabilities consistently track very closely to assets, it implies a highly leveraged financial structure where most assets are offset by obligations.

What are the specific programs and services provided by Network Recovery Services Inc?

The provided financial data does not detail the specific programs or services offered by Network Recovery Services Inc. Understanding the nature of their work would provide context for their revenue and expense patterns, especially given the 'Recovery Services' in their name.

How does the organization sustain operations without generating a surplus?

Operating consistently at a break-even point, where expenses equal revenue, means the organization is not accumulating significant unrestricted net assets. This model relies on continuous funding to cover ongoing expenses and may limit the organization's ability to build reserves for future investments, unexpected costs, or expansion without securing new, specific funding.

Filing History

IRS 990 filing history for Network Recovery Services Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Network Recovery Services Inc's revenue has grown by 211.6%, moving from $16.6M to $51.7M. Total assets increased by 86.9% over the same period, from $3.7M to $6.9M. Total functional expenses rose by 211.6%, from $16.6M to $51.7M. In its most recent filing year (2023), Network Recovery Services Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $6.9M in liabilities against $6.9M in assets (debt-to-asset ratio: 99.8%), resulting in net assets of $15K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$51.7M	$51.7M	$6.9M	$6.9M	—	—
2022	$45.2M	$45.2M	$9.3M	$9.3M	—	View 990
2021	$32.0M	$32.0M	$9.2M	$9.2M	—	View 990
2020	$30.6M	$30.6M	$10.4M	$10.4M	—	View 990
2019	$30.5M	$30.5M	$11.1M	$11.1M	—	View 990
2018	$26.5M	$26.5M	$933K	$918K	—	View 990
2017	$25.4M	$25.4M	$1.7M	$1.7M	—	View 990
2016	$24.4M	$24.4M	$1.8M	$1.8M	—	View 990
2015	$22.8M	$22.8M	$3.6M	$3.6M	—	View 990
2014	$20.9M	$20.9M	$3.1M	$3.1M	—	View 990
2013	$18.6M	$18.6M	$4.1M	$4.1M	—	View 990
2012	$17.8M	$17.8M	$3.3M	$3.3M	—	View 990
2011	$17.6M	$17.6M	$3.5M	$3.4M	—	View 990
2010	$16.6M	$16.6M	$3.7M	$3.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $51.7M, expenses of $51.7M, and assets of $6.9M (revenue +14.5% year-over-year).
2022: Revenue of $45.2M, expenses of $45.2M, and assets of $9.3M (revenue +41.1% year-over-year).
2021: Revenue of $32.0M, expenses of $32.0M, and assets of $9.2M (revenue +4.6% year-over-year).
2020: Revenue of $30.6M, expenses of $30.6M, and assets of $10.4M (revenue +0.3% year-over-year).
2019: Revenue of $30.5M, expenses of $30.5M, and assets of $11.1M (revenue +15.2% year-over-year).
2018: Revenue of $26.5M, expenses of $26.5M, and assets of $933K (revenue +4.5% year-over-year).
2017: Revenue of $25.4M, expenses of $25.4M, and assets of $1.7M (revenue +3.7% year-over-year).
2016: Revenue of $24.4M, expenses of $24.4M, and assets of $1.8M (revenue +7.1% year-over-year).
2015: Revenue of $22.8M, expenses of $22.8M, and assets of $3.6M (revenue +9.4% year-over-year).
2014: Revenue of $20.9M, expenses of $20.9M, and assets of $3.1M (revenue +12.0% year-over-year).
2013: Revenue of $18.6M, expenses of $18.6M, and assets of $4.1M (revenue +4.6% year-over-year).
2012: Revenue of $17.8M, expenses of $17.8M, and assets of $3.3M (revenue +1.4% year-over-year).
2011: Revenue of $17.6M, expenses of $17.6M, and assets of $3.5M (revenue +5.9% year-over-year).
2010: Revenue of $16.6M, expenses of $16.6M, and assets of $3.7M.

Data Sources and Methodology

This transparency report for Network Recovery Services 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.