Foundation Restoration Inc

Analysis

Foundation Restoration Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Foundation Restoration Inc reported income of $319k and spending of $333k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $239k to $319k (+34%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation Restoration Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Rebuilding Paradise ($319k), Food for the Hungry ($319k) and Prairie Pines Childcare Center ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $58k (18% of expenses). Other salaries and wages came to $130k. At year end it held assets of $85k against liabilities of $3,739, net assets of $81k. It reported 3 employees.