Restan Corp

Analysis

Restan Corp is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Restan Corp reported income of $83k and spending of $115k, spending 139% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $106k to $83k (-21%), an average of -7.7% a year. The sharpest change came in the year to June 2023, when income dropped by 15%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Restan Corp sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within OH. Charities of a similar size with the same main cause include Prairie Lakes Pheasants Inc ($83k), Truckee Community Cares Inc ($83k) and Family Promise of Lee County Inc ($83k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. At year end it held assets of $414k against liabilities of $48k, net assets of $366k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.