Yes. There are companies that recycle cell phones and provide drop off points for added convenience. One such company is Wireless Recycling. Drop off points for that company can be found on their website.
I feel that the best way to “recycle” something is to put it back into use for its original purpose, as stripping it for reusable parts is really “downcycling” – This website: http://www.recellular.com/recycling/donatePhones.asp allows you to donate your phone to people that may not be able to afford the purchase, they have a site locator based on zip code for drop off.
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