Life Restoration Network

Analysis

Life Restoration Network is a registered charity in United States, based in Farmers BRNCH, TX. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Life Restoration Network reported income of $260k and spending of $500k, spending 193% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $843k to $260k (-69%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Life Restoration Network sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Kansas City Curling Club ($260k), Bethel Park Baseball ($260k) and All Sparta Community Sports Association ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 1.4% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k. It reported 1 employees.