Restoration House Ministries

Analysis

Restoration House Ministries is a registered charity in United States, based in Sevierville, TN. It received its IRS tax-exemption ruling in December 2016, 10 years ago. 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 December 2023, Restoration House Ministries reported income of $3.1m and spending of $2.4m, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.5m to $3.1m (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Restoration House Ministries sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Diocesan Real Estate Inc ($3.1m), The Grand View Health Foundation ($3.1m) and Community Care Management Corporation ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $192k (8.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.1m against liabilities of $215k, net assets of $840k.