Restoration Word Ministries Inc

Analysis

Restoration Word Ministries Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Word Ministries Inc reported income of $1.7m and spending of $1.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $1.7m (+375%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 298%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restoration Word Ministries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Bill Glass Ministries ($1.7m), Child Legacy International Inc ($1.7m) and Sky Ranch at Ute Trail Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $70k (4.5% of expenses). Other salaries and wages came to $419k. At year end it held assets of $664k against liabilities of $53k, net assets of $611k. It reported 14 employees.