Eureka Restoration Enterprise

Analysis

Eureka Restoration Enterprise is a registered charity in United States, based in Eureka, NV. It received its IRS tax-exemption ruling in May 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Eureka Restoration Enterprise reported income of $132k and spending of $149k, spending 113% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income grew from $81k to $132k (+63%), an average of +63% a year. The sharpest change came in the year to March 2024, when income rose by 63%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eureka Restoration Enterprise sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within NV. Charities of a similar size with the same main cause include Ms Moments ($132k), Bob and Rita Marley Foundation Inc ($132k) and Southwest Florida Crimestoppers Program Inc ($132k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 47% and program service revenue 27% of the total. At year end it held assets of $322k against liabilities of $47k, net assets of $274k.