Runway For Recovery Inc
Runway For Recovery Inc shows significant revenue growth but inconsistent financial surpluses and notable liabilities.
EIN: 113822037 · Newburyport, MA · NTEE: P40 · Updated: 2026-03-28
Is Runway 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 →
Runway For Recovery Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Runway For Recovery Inc
Runway For Recovery Inc (EIN: 113822037) is a nonprofit organization based in Newburyport, MA, classified under NTEE code P40. The organization reported total revenue of $1.9M and total assets of $313K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Runway For Recovery Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Runway For Recovery 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Runway For Recovery Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly unusual for an organization with nearly $1.9 million in latest revenue and suggests a strong volunteer-driven model at the top.
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 Runway For Recovery Inc's IRS 990 filings:
- Inconsistent financial surpluses/deficits in recent years (e.g., deficit in 2022 and 2021 despite revenue growth).
- Liabilities exceeding assets in some recent periods (e.g., 2023 and 2022), indicating potential financial strain or reliance on debt.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise spending efficiency assessment difficult.
Strengths
The following positive indicators were identified for Runway For Recovery Inc:
- Significant revenue growth, with latest revenue at $1,899,281, indicating strong fundraising capacity.
- Consistent 0% officer compensation across all filings, suggesting a high dedication to mission and efficient use of funds for direct services.
- Long history of IRS 990 filings (12 filings), demonstrating commitment to transparency and compliance.
- Positive net assets in the latest filing ($313,496 total assets).
Frequently Asked Questions about Runway For Recovery Inc
Is Runway For Recovery Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Runway For Recovery Inc (EIN: 113822037) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Runway For Recovery Inc spend its money?
Runway For Recovery Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Runway For Recovery Inc tax-deductible?
Runway For Recovery Inc is registered as a tax-exempt nonprofit (EIN: 113822037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Runway For Recovery Inc financially stable given its fluctuating surpluses and liabilities?
While the organization has shown significant revenue growth, its financial stability is somewhat inconsistent. It reported a surplus in 2023 ($933,302 revenue vs. $867,327 expenses) but deficits in 2022 and 2021. High liabilities in recent years ($182,236 in 2023, $179,377 in 2022) relative to assets ($115,295 in 2023, $46,461 in 2022) suggest potential reliance on short-term funding or debt.
How does the 0% officer compensation impact the organization's operations?
The consistent 0% officer compensation across all filings suggests a highly volunteer-driven leadership or that compensation is structured in a way not reported as officer pay. This can be a strength, indicating dedication to the mission, but also raises questions about sustainability and professional management capacity as the organization grows.
What is the trend in the organization's assets and liabilities?
Assets have fluctuated significantly, from $12,295 in 2014 to a high of $206,254 in 2021, and then to $115,295 in 2023. Liabilities have also varied, with notable increases in recent years, reaching $182,236 in 2023 and $179,377 in 2022, which are higher than the reported assets for those periods.
Filing History
IRS 990 filing history for Runway For Recovery Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Runway For Recovery Inc's revenue has grown by 938.4%, moving from $90K to $933K. Total assets increased by 1048036.4% over the same period, from $11 to $115K. Total functional expenses rose by 822.3%, from $94K to $867K. In its most recent filing year (2023), Runway For Recovery Inc reported a surplus of $66K, with revenue exceeding expenses. The organization holds $182K in liabilities against $115K in assets (debt-to-asset ratio: 158.1%), resulting in net assets of $-66,941.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $933K | $867K | $115K | $182K | — | View 990 |
| 2022 | $559K | $820K | $46K | $179K | — | View 990 |
| 2021 | $460K | $482K | $206K | $78K | — | View 990 |
| 2020 | $405K | $312K | $151K | $787 | — | View 990 |
| 2019 | $84K | $45K | $70K | $13K | — | View 990 |
| 2018 | $64K | $46K | $33K | $15K | — | — |
| 2017 | $73K | $80K | $19K | $19K | — | View 990 |
| 2016 | $245K | $269K | $20K | $13K | — | View 990 |
| 2015 | $196K | $171K | $35K | $5K | — | View 990 |
| 2014 | $179K | $179K | $12K | $7K | — | View 990 |
| 2013 | $108K | $102K | $5K | $149 | — | View 990 |
| 2012 | $90K | $94K | $11 | $149 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $933K, expenses of $867K, and assets of $115K (revenue +66.9% year-over-year).
- 2022: Revenue of $559K, expenses of $820K, and assets of $46K (revenue +21.6% year-over-year).
- 2021: Revenue of $460K, expenses of $482K, and assets of $206K (revenue +13.6% year-over-year).
- 2020: Revenue of $405K, expenses of $312K, and assets of $151K (revenue +379.0% year-over-year).
- 2019: Revenue of $84K, expenses of $45K, and assets of $70K (revenue +31.7% year-over-year).
- 2018: Revenue of $64K, expenses of $46K, and assets of $33K (revenue -12.1% year-over-year).
- 2017: Revenue of $73K, expenses of $80K, and assets of $19K (revenue -70.3% year-over-year).
- 2016: Revenue of $245K, expenses of $269K, and assets of $20K (revenue +25.1% year-over-year).
- 2015: Revenue of $196K, expenses of $171K, and assets of $35K (revenue +9.4% year-over-year).
- 2014: Revenue of $179K, expenses of $179K, and assets of $12K (revenue +66.4% year-over-year).
- 2013: Revenue of $108K, expenses of $102K, and assets of $5K (revenue +19.9% year-over-year).
- 2012: Revenue of $90K, expenses of $94K, and assets of $11.
Data Sources and Methodology
This transparency report for Runway 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.