Restoration Academy Inc

Analysis

Restoration Academy Inc is a registered charity in United States, based in Fairfield, AL. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Restoration Academy Inc reported income of $11.3m and spending of $5.1m, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $11.3m (+93%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 134%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Restoration Academy 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 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Sycamore School Inc ($11.3m), Waterside School Inc ($11.3m) and Penn Hills Charter School of Entrepreneurship ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $11.7m against liabilities of $244k, net assets of $11.5m. It reported 85 employees.