Restoration Project Inc

Analysis

Restoration Project Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in June 2024, 2 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Restoration Project Inc reported income of $478k and spending of $401k, spending 84% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $475k to $478k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Restoration Project Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Electric Lit Inc ($478k), Venture Central Inc ($478k) and Echo System ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $57k (14% of expenses). Other salaries and wages came to $114k. At year end it held assets of $262k against liabilities of $12k, net assets of $251k. It reported 5 employees.