Soul Restoration Project

Analysis

Soul Restoration Project is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Soul Restoration Project reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $612k to $1.1m (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Soul Restoration Project sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Sephardic Community Alliance ($1.1m), Coates Ministries Inc ($1.1m) and Vaad Hatmimim Haolami Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $389k (37% of expenses). Other salaries and wages came to $397k. At year end it held assets of $370k against liabilities of $11k, net assets of $359k. It reported 17 employees.