Restoration Charities Inc

Analysis

Restoration Charities Inc is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Restoration Charities Inc reported income of $87k and spending of $130k, spending 149% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $714k to $87k (-88%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Restoration Charities Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Hilltop Regional Kitchen ($87k), Freedom Co-Op Inc ($87k) and Selflessservice Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $215k against liabilities of $199k, net assets of $16k.

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.