Restoration Ministries

Analysis

Restoration Ministries is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in December 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 (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 reported income of $208k and spending of $224k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $208k (+123%), an average of +123% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Restoration Ministries sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Himalayan Institute of Buffalo Inc ($208k), Choosewell Communities Inc ($208k) and Texas Prader Willi Association ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (34% of expenses). At year end it held assets of $48k against liabilities of $17k, net assets of $31k. It reported 1 employees.