Restoration in Christ Ministries Inc

Analysis

Restoration in Christ Ministries Inc is a registered charity in United States, based in Grottoes, VA. It received its IRS tax-exemption ruling in December 1995, 31 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 May 2023, Restoration in Christ Ministries Inc reported income of $283k and spending of $291k, spending 103% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $214k to $283k (+32%), an average of +7.2% a year. The sharpest change came in the year to May 2020, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restoration in Christ Ministries Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include 180 Inc ($283k), Dannie Hood Ministries Inc ($283k) and Arkansas House of Prayer Inc ($282k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 78% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $70k (24% of expenses). Other salaries and wages came to $111k. At year end it held assets of $91k against liabilities of -$436, net assets of $91k. It reported 4 employees.