Restoration Society Inc

Analysis

Restoration Society Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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 Society Inc reported income of $10.7m and spending of $7.9m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $10.7m (+81%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Restoration Society Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Villa Siena ($10.7m), Hobart Institute of Welding Technology ($10.7m) and Special Olympics New York Inc ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $232k (2.9% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $6.5m against liabilities of $1.3m, net assets of $5.2m. It reported 176 employees.