Restore Life USA Inc

Analysis

Restore Life USA Inc is a registered charity in United States, based in Elizabethton, TN. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 August 2023, Restore Life USA Inc reported income of $1.8m and spending of $1.4m, leaving 25% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $1.8m (+15%), an average of +3.5% a year. The sharpest change came in the year to August 2020, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Restore Life USA Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Will Rogers Motion Picture Pioneers Foundation ($1.8m), Pittsburgh Behavioral Services Inc ($1.8m) and Amyotrophic Lateral Sclerosis Association ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $129k (9.5% of expenses). Other salaries and wages came to $206k. At year end it held assets of $1.3m against liabilities of $321k, net assets of $951k. It reported 10 employees.