Restoration Church and Outreach Ministry

Analysis

Restoration Church and Outreach Ministry is a registered charity in United States, based in Willow Spring, NC. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Restoration Church and Outreach Ministry reported income of $281k and spending of $232k, spending 82% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $177k to $281k (+59%), an average of +59% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restoration Church and Outreach Ministry sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Gospel of Peace International Inc ($281k), Southern California Blending Center Inc ($282k) and Pilgrim Center for Reconciliation ($281k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $58k. At year end it held assets of $769k against liabilities of $646k, net assets of $123k. It reported 1 employees.