Restoration House of East Tennessee

Analysis

Restoration House of East Tennessee is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 House of East Tennessee reported income of $939k and spending of $1.1m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $929k to $939k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Restoration House of East Tennessee sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Child & Family Services of Yuma Inc ($939k), Affordable Housing Institute Inc ($939k) and Water Is Basic ($938k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $79k (7.0% of expenses). Other salaries and wages came to $411k. At year end it held assets of $5.4m against liabilities of $895k, net assets of $4.5m. It reported 15 employees.