Restore House

Analysis

Restore House is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Restore House reported income of $313k and spending of $326k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $805k to $313k (-61%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Restore House sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Turnagain Arms Community Housing Association ($313k), Friendship Manor Inc ($313k) and Villa Isenbart Inc ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $42k (13% of expenses). Other salaries and wages came to $93k. At year end it held assets of $548k against liabilities of $236k, net assets of $312k. It reported 18 employees.