Restoration Housing

Analysis

Restoration Housing is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing reported income of $625k and spending of $149k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $608k to $625k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 22% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Restoration Housing sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include University Center for Senior Citizens Inc ($625k), Volunteers of America Inc ($625k) and Reisterstown Village Senior Housing Inc ($624k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $32k (21% of expenses). Other salaries and wages came to $58k. At year end it held assets of $2.4m against liabilities of $116k, net assets of $2.3m. It reported 5 employees.