Restoring the Foundations International Inc

Analysis

Restoring the Foundations International Inc is a registered charity in United States, based in Mount Juliet, TN. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Restoring the Foundations International Inc reported income of $572k and spending of $579k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $990k to $572k (-42%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restoring the Foundations International Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Sovereign Grace Ministries Inc ($571k), Hari Smruti International Inc ($572k) and Greater Austin Christian Foundation ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Other salaries and wages came to $112k. At year end it held assets of $87k against liabilities of $104k, net assets of -$16k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.