Restored Souls Ministries Inc

Analysis

Restored Souls Ministries Inc is a registered charity in United States, based in Marion Sta, MD. It received its IRS tax-exemption ruling in December 2013, 13 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, Restored Souls Ministries Inc reported income of $79k and spending of $70k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $79k (-17%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 68% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restored Souls Ministries Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Ripe 4 Life Inc ($79k), Schaeffer Center for Christian Study ($79k) and Affirmation LGBTQ Mormons Families & Friends ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $295k against liabilities of $0, net assets of $295k.