Restoration Properties Group

Analysis

Restoration Properties Group is a registered charity in United States, based in Safety Harbor, FL. It received its IRS tax-exemption ruling in April 2022, 4 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 (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 Properties Group reported income of $256k and spending of $64k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.3m to $256k (-80%), an average of -80% a year. The sharpest change came in the year to December 2023, when income dropped by 80%. Over the whole period it spent 6.3% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Restoration Properties Group sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Garden Terrace Commons Senior Housing ($255k), Aspen Homes for Elderly Inc ($256k) and Lower East Side Coalition Housing Development Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.4m against liabilities of $125, net assets of $1.4m.