Recovery Ventures Corporation
EIN: 710875890 · Black Mtn, NC · NTEE: F20
Is Recovery Ventures Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Recovery Ventures Corporation
Recovery Ventures Corporation (EIN: 710875890) is a nonprofit organization based in Black Mtn, NC, classified under NTEE code F20. The organization reported total revenue of $2.0M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Recovery Ventures Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Recovery Ventures Corporation 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 Ventures Corporation 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.
Frequently Asked Questions about Recovery Ventures Corporation
Is Recovery Ventures Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Recovery Ventures Corporation (EIN: 710875890) insufficient data. 0 red flags identified, 0 strengths noted.
How does Recovery Ventures Corporation spend its money?
Detailed spending breakdown data is not yet available for Recovery Ventures Corporation. Check back for updated IRS 990 analysis.
Are donations to Recovery Ventures Corporation tax-deductible?
Recovery Ventures Corporation is registered as a tax-exempt nonprofit (EIN: 710875890). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Recovery Ventures Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Recovery Ventures Corporation's revenue has grown by 23.9%, moving from $1.7M to $2.2M. Total assets increased by 164.2% over the same period, from $1.2M to $3.2M. Total functional expenses rose by 17%, from $1.7M to $2.0M. In its most recent filing year (2024), Recovery Ventures Corporation reported a surplus of $153K, with revenue exceeding expenses. The organization holds $12K in liabilities against $3.2M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $2.0M | $3.2M | $12K | — | View 990 |
| 2023 | $2.5M | $2.0M | $3.1M | $36K | — | — |
| 2022 | $2.3M | $1.9M | $2.8M | $45K | — | View 990 |
| 2021 | $1.7M | $1.8M | $2.2M | $32K | — | — |
| 2020 | $2.4M | $2.3M | $2.2M | $35K | — | View 990 |
| 2019 | $2.7M | $2.4M | $2.1M | $60K | — | View 990 |
| 2018 | $2.7M | $2.3M | $2.0M | $251K | — | View 990 |
| 2017 | $2.3M | $2.2M | $1.7M | $372K | — | View 990 |
| 2016 | $2.4M | $2.2M | $1.7M | $460K | — | View 990 |
| 2015 | $2.2M | $2.2M | $1.5M | $446K | — | View 990 |
| 2014 | $2.0M | $1.9M | $1.4M | $464K | — | View 990 |
| 2013 | $1.8M | $1.8M | $1.2M | $286K | — | View 990 |
| 2012 | $1.7M | $1.7M | $1.2M | $300K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.2M, expenses of $2.0M, and assets of $3.2M (revenue -12.7% year-over-year).
- 2023: Revenue of $2.5M, expenses of $2.0M, and assets of $3.1M (revenue +5.5% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.9M, and assets of $2.8M (revenue +38.7% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.8M, and assets of $2.2M (revenue -30.7% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.3M, and assets of $2.2M (revenue -10.8% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.4M, and assets of $2.1M (revenue +1.7% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.3M, and assets of $2.0M (revenue +15.8% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.2M, and assets of $1.7M (revenue -3.9% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.2M, and assets of $1.7M (revenue +7.7% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.2M, and assets of $1.5M (revenue +13.4% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.9M, and assets of $1.4M (revenue +8.4% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $1.2M (revenue +4.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.7M, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Recovery Ventures Corporation 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.