Restoring the Soul Inc

Analysis

Restoring the Soul Inc is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Restoring the Soul Inc reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restoring the Soul Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Camp Manitoumi Inc ($1.5m), No Greater Joy Ministries Inc ($1.5m) and Morristown Unitarian Fellowship ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $300k (20% of expenses). Other salaries and wages came to $390k. At year end it held assets of $366k against liabilities of $33k, net assets of $333k. It reported 10 employees.