Global Restoration Center

Analysis

Global Restoration Center is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Global Restoration Center reported income of $89k and spending of $52k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $92k to $89k (-3.6%), an average of -3.6% a year. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Global Restoration Center sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Peaceworks Inc ($89k), Cold Spring Farmers Market Inc ($89k) and Crystal Run Owner Corp V ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $235k against liabilities of $123k, net assets of $112k.