Restoration Development Foundation Inc

Analysis

Restoration Development Foundation Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Development Foundation Inc reported income of $853k and spending of $823k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $853k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Restoration Development Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Gratiot County Community Foundation ($853k), Ventura Music Festival Association Inc ($854k) and Neighborshare LLC ($852k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Other salaries and wages came to $155k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 3 employees.