Irem Temple Restoration Project

Analysis

Irem Temple Restoration Project is a registered charity in United States, based in Wilkesbarre, PA. It received its IRS tax-exemption ruling in May 2022, 4 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 2023, Irem Temple Restoration Project reported income of $547k and spending of $46k, leaving 92% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $69k to $547k (+695%), an average of +182% a year. The sharpest change came in the year to December 2022, when income rose by 473%. Over the whole period it spent 12% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Irem Temple Restoration Project sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Evangel Bible Translators International Inc ($547k), Winnemucca Food Bank ($548k) and Endowment Foundation First United Presbyterian Church Albuquerque ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. At year end it held assets of $1.6m against liabilities of $50k, net assets of $1.6m.