Restoration Place Ministries Inc

Analysis

Restoration Place Ministries Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in July 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 (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 Place Ministries Inc reported income of $1.3m and spending of $1.1m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $950k to $1.3m (+34%), an average of +7.5% a year. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restoration Place Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Hope of Glory Ministries Inc ($1.3m), Relationship 180 ($1.3m) and LA Vida Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $92k (8.7% of expenses). Other salaries and wages came to $662k. At year end it held assets of $903k against liabilities of $14k, net assets of $890k. It reported 15 employees.