Restore Merced

Analysis

Restore Merced is a registered charity in United States, based in Merced, CA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Restore Merced reported income of $1.3m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $1.3m (+543%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 211%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Restore Merced sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Northeast Okc Renaissance ($1.3m), L a Voice ($1.3m) and Albion Community Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $107k (8.4% of expenses). Other salaries and wages came to $773k. At year end it held assets of $481k against liabilities of $13k, net assets of $468k. It reported 79 employees.