Restorationcity

Analysis

Restorationcity is a registered charity in United States, based in Hungerford, TX. It received its IRS tax-exemption ruling in August 1987, 39 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 2022, Restorationcity reported income of $171k and spending of $182k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $114k to $171k (+50%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 132% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restorationcity sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Gamboa Union Ministries ($171k), Schermerhorn Foundation Inc ($171k) and Paula Ratchford Ministries ($171k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 59% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $49k (27% of expenses). Other salaries and wages came to $20k. At year end it held assets of $964k against liabilities of $58k, net assets of $906k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.