Restore Education

Analysis

Restore Education is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Education reported income of $7.5m and spending of $6.4m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $7.5m (+349%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Restore Education 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 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Manzanita Public Charter School ($7.5m), Potters House ($7.5m) and Knowledgeworks Foundation ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $239k (3.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.3m against liabilities of $628k, net assets of $3.7m. It reported 74 employees.