Restoration of America Foundation Inc

Analysis

Restoration of America Foundation Inc is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Restoration of America Foundation Inc reported income of $9.4m and spending of $8.9m, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $747k to $9.4m (+1162%), an average of +255% a year. The sharpest change came in the year to December 2023, when income rose by 54152%. Over the whole period it spent 92% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Restoration of America Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include The Priority Center Ending the Generational Cycle of Trauma Inc ($9.4m), Florida Rights Restoration Coalition Inc ($9.4m) and Wayne County Neighborhood Legal Services ($9.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $164k (1.8% of expenses). It paid $43k in professional fundraising fees. At year end it held assets of $849k against liabilities of $64k, net assets of $785k.