Recovery Is Happening
EIN: 451259706 · Rochester, MN · NTEE: F20
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.5M |
| Net Assets | $995K |
Is Recovery Is Happening Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Recovery Is Happening
Recovery Is Happening (EIN: 451259706) is a nonprofit organization based in Rochester, MN, classified under NTEE code F20. The organization reported total revenue of $2.3M and total assets of $969K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Recovery Is Happening's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Recovery Is Happening is a mid-size nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 42.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$426K |
| Total Assets | $1.0M |
| Total Liabilities | $45K |
| Net Assets | $995K |
| Operating Margin | 21.8% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2023, Recovery Is Happening reported a surplus of $426K with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Recovery Is Happening's revenue has grown at a compound annual growth rate (CAGR) of 42.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.2% | +51.5% | +71.5% |
| 2022 | +22.3% | -0.2% | +94.6% |
| 2021 | +7.0% | -5.6% | -0.3% |
| 2020 | +7.3% | +11.0% | +20.3% |
| 2019 | -12.8% | -0.9% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Recovery Is Happening has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Recovery Is Happening with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $426K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.3%.
Frequently Asked Questions about Recovery Is Happening
Is Recovery Is Happening a legitimate charity?
Recovery Is Happening (EIN: 451259706) is a registered tax-exempt nonprofit based in Minnesota. It has 10 years of IRS 990 filings on record. Total revenue: $2.3M. No red flags identified. Financial health grade: A.
How does Recovery Is Happening spend its money?
Recovery Is Happening reported $2.3M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Recovery Is Happening tax-deductible?
Recovery Is Happening is registered as a tax-exempt nonprofit (EIN: 451259706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Recovery Is Happening located?
Recovery Is Happening is headquartered in Rochester, Minnesota and files with the IRS under EIN 451259706. It is classified under NTEE code F20.
How many years of IRS 990 filings does Recovery Is Happening have?
Recovery Is Happening has 10 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 $2.3M in total revenue.
Filing History
IRS 990 filing history for Recovery Is Happening showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Recovery Is Happening's revenue has grown by 2385.4%, moving from $79K to $2.0M. Total assets increased by 3736.2% over the same period, from $27K to $1.0M. Total functional expenses rose by 2656.8%, from $55K to $1.5M. In its most recent filing year (2023), Recovery Is Happening reported a surplus of $426K, with revenue exceeding expenses. The organization holds $45K in liabilities against $1.0M in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $995K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.5M | $1.0M | $45K | — | — |
| 2022 | $1.3M | $1.0M | $607K | $38K | — | View 990 |
| 2021 | $1.1M | $1.0M | $312K | $62K | — | View 990 |
| 2020 | $1.0M | $1.1M | $313K | $138K | — | — |
| 2019 | $945K | $965K | $260K | $29K | — | View 990 |
| 2018 | $1.1M | $973K | $279K | $29K | — | View 990 |
| 2017 | $522K | $478K | $140K | $0 | — | — |
| 2016 | $275K | $286K | $101K | $5K | — | View 990 |
| 2015 | $301K | $218K | $110K | $3K | — | View 990 |
| 2014 | $79K | $55K | $27K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.5M, and assets of $1.0M (revenue +47.2% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.0M, and assets of $607K (revenue +22.3% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.0M, and assets of $312K (revenue +7.0% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.1M, and assets of $313K (revenue +7.3% year-over-year).
- 2019: Revenue of $945K, expenses of $965K, and assets of $260K (revenue -12.8% year-over-year).
- 2018: Revenue of $1.1M, expenses of $973K, and assets of $279K (revenue +107.8% year-over-year).
- 2017: Revenue of $522K, expenses of $478K, and assets of $140K (revenue +89.9% year-over-year).
- 2016: Revenue of $275K, expenses of $286K, and assets of $101K (revenue -8.7% year-over-year).
- 2015: Revenue of $301K, expenses of $218K, and assets of $110K (revenue +282.5% year-over-year).
- 2014: Revenue of $79K, expenses of $55K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Recovery Is Happening:
Data Sources and Methodology
This transparency report for Recovery Is Happening 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.