Restoration Ministries Inc

Analysis

Restoration Ministries Inc is a registered charity in United States, based in Harvey, IL. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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, Restoration Ministries Inc reported income of $8.5m and spending of $8.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $8.5m (+204%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Restoration Ministries Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include King County Sexual Assault Resource Center ($8.5m), Bright Beginnings Inc ($8.5m) and New Life Ranch Inc ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $254k (2.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.6m against liabilities of $275k, net assets of $4.4m. It reported 71 employees.

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.