Restore Ministries Inc

Analysis

Restore Ministries Inc is a registered charity in United States, based in Ozark, MO. It received its IRS tax-exemption ruling in August 1998, 28 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, Restore Ministries Inc reported income of $340k and spending of $281k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $340k (-90%), an average of -44% a year. The sharpest change came in the year to December 2020, when income dropped by 88%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Restore Ministries Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within MO. Charities of a similar size with the same main cause include 2not1 Fatherhood & Families ($339k), Ranch of Hope Inc ($340k) and Gabriel Project Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $191k (68% of expenses). At year end it held assets of $611k against liabilities of $0, net assets of $611k.