Inter-American Restoration Corporation

Analysis

Inter-American Restoration Corporation is a registered charity in United States, based in Abita Springs, LA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Inter-American Restoration Corporation reported income of $865k and spending of $839k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $559k to $865k (+55%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Inter-American Restoration Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within LA. Charities of a similar size with the same main cause include Sterling Hammack Foundation Inc ($863k), His Healing Helping Hands International Ministries Inc ($865k) and Armman-Usa ($863k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $129k (15% of expenses). Other salaries and wages came to $6,468. At year end it held assets of $548k against liabilities of $7,500, net assets of $540k.