Restoration Destination Inc

Analysis

Restoration Destination Inc is a registered charity in United States, based in Pahokee, FL. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Destination Inc reported income of $658k and spending of $677k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $658k (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Restoration Destination Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Peninsula Housing Development Inc Xvi ($658k), Vista Chino Senior Housing Inc ($658k) and Long Beach Senior Citizen Housing Corporation ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $7,260 (1.1% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 4 employees.