Restore7 Inc

Analysis

Restore7 Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Restore7 Inc reported income of $2.3m and spending of $2.0m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $841k to $2.3m (+178%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restore7 Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include MPC Legacy Foundation ($2.3m), Light Bearers Ministry ($2.3m) and Hayashar Vehatov Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $277k (14% of expenses). Other salaries and wages came to $453k. At year end it held assets of $2.4m against liabilities of $98k, net assets of $2.4m. It reported 6 employees.