Restoration Ministries Inc

Analysis

Restoration Ministries Inc is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries Inc reported income of $208k and spending of $183k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $208k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restoration Ministries 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 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include The Well Training Ministry Inc ($208k), Kuan-Yin Buddhist Association of Orlando Corporation ($208k) and Know Thyself As Soul Foundation Southwest ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $60k (33% of expenses). Other salaries and wages came to $87k. At year end it held assets of $67k against liabilities of $723, net assets of $66k. It reported 4 employees.