North Carolina · Nonprofit
Recovery Ventures Corporation
Recovery Ventures Corporation (North Carolina) receives grants from 5 organizations whose IRS filings report $135,861 to it, the largest being THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC ($77,810). 3 of them have funded it in more than one year, and 65% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $2.0M
- Funders on record
- 5
- Grants received
- $136k
- Net assets
- $3.3M
What Recovery Ventures Corporation does
Mission
Recovery Ventures offers individuals suffering from chronic substance addictions long term residential treatment and aftercare in a safe and healthy environment that promotes self-sufficiency, emotional growth, personal accountability and personal values enhancement.
As stated on its FY2025 Form 990.
Programs
Recovery Ventures provides long-term residential treatment for men and women struggling with substance use disorders. During the year, we operated a structured 24-month residential treatment program that included group and individual counseling, peer support, life skills training, and relapse prevention planning. Despite a major hurricane that caused widespread flooding, extensive power outages and transportation disruptions in our area, we kept all our residents safely housed, secured emergency supplies, and coordinated with local agencies to maintain essential services.
$1,703,640 spent$1,326,973 earned by the program100% of program spendingSpecific program accomplishments this past year: *We served over 200 residents throughout the year *Provided over 40,000 days of housing, meals and care *Provided over 520 hours of counseling for each associate in our care *65% have remained substance-free *Launched 3 separate Internal Businesses *Over 50 associates secured full-time employment *Our associates completed over 2500 hours of service to local community *Donated over 300 cases of clothing and food to local shelters
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,703,640.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $2.2M to $2.8M (+28%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 8% · 2020 9% · 2021 12% · 2022 12% · 2023 12% · 2024 11% · 2025 11%. Grants only. Government contracts and fees sit inside program revenue.
30% of Recovery Ventures Corporation’s revenue is contributions — about as donation-reliant as the typical peer (51% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Mike Fort
CEO/Executive Director
Board chair
Sharon Sweede MD
Chair
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2020 and FY2021 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $0 → $16.
3 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 65% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Recovery Ventures Corporation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Recovery Ventures Corporation leans on a few funders — its largest provides 57% of grant income and the top three 98%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
98% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Recovery Ventures Corporation.
Largest funder’s share by year: 2020 96% · 2021 99% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
65% of Recovery Ventures Corporation's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $48k that is directly attributable, 100% of it comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $88k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Recovery Ventures Corporation's revenue fell 27% between 2019 and 2025.
this organization peer median middle 50% of peers· 4,665 health nonprofits $1M–$10M, FY2025
Organizations like Recovery Ventures Corporation
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for Recovery Ventures Corporation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Recovery Ventures Corporation?
- Recovery Ventures Corporation (North Carolina) receives grants from 5 organizations whose IRS filings report $135,861 to it, the largest being THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC ($77,810). 3 of them have funded it in more than one year, and 65% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does Recovery Ventures Corporation have?
- IRS filings report 5 organizations giving $135,861 in grants to Recovery Ventures Corporation, 3 of which have funded it in more than one year.
- Who is the largest funder of Recovery Ventures Corporation?
- THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC is the largest funder on record, with $77,810 in grants. The full list of funders is on this page.
- How can an organization like Recovery Ventures Corporation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Recovery Ventures →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing