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Restoration Worship Center-Centro de Restauracion Y Adoracion

RegisteredEIN 26-3856206Springfield, MAReligion
Income$2.6m2023-12
Spending$1.4msame year
Spent / received78%5-year average
Size in its cause97th pctReligion
Exempt since2011Church
Employees10latest return

Analysis

Restoration Worship Center-Centro de Restauracion Y Adoracion is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Restoration Worship Center-Centro de Restauracion Y Adoracion reported income of $2.6m and spending of $1.4m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $967k to $2.6m (+169%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restoration Worship Center-Centro de Restauracion Y Adoracion sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include St Mark Coptic Orthodox Church ($2.6m), Pillar Church Planting Network ($2.6m) and Keys for Kids ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $361k. At year end it held assets of $5.9m against liabilities of $3.3m, net assets of $2.6m. It reported 10 employees.

Income and spending

$0$651k$1.3m$2.0m$2.6m2019 Income: $966,9612019 Spending: $922,88220192020 Income: $1,038,5572020 Spending: $738,14320202021 Income: $1,094,6702021 Spending: $1,035,77220212022 Income: $1,142,9012022 Spending: $1,205,37320222023 Income: $2,605,7412023 Spending: $1,421,9962023
IncomeSpending

Where the income comes from

  • Contributions & grants 100%

Similar-sized charities, same cause

CharityLocationIncome
St Mark Coptic Orthodox ChurchTroy$2.6m
Pillar Church Planting NetworkWake Forest$2.6m
Keys for KidsGrand Rapids$2.6m
Arkansas Athletes OutreachFayetteville$2.6m