Restore Marietta Inc

Analysis

Restore Marietta Inc is a registered charity in United States, based in Marietta, OH. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Restore Marietta Inc reported income of $476k and spending of $190k, leaving 60% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $202k to $476k (+135%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 204%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Restore Marietta 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 OH. Charities of a similar size with the same main cause include Making Lives Better with Alorica ($476k), Stuart Main Street Association Inc ($476k) and Division on Career Development and Transition ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 19% of the total. Other salaries and wages came to $74k. At year end it held assets of $384k against liabilities of $2,083, net assets of $382k. It reported 3 employees.