Restoration House Ministries

Analysis

Restoration House Ministries is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 House Ministries reported income of $333k and spending of $350k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $333k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Restoration House Ministries sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include St Vincent de Paul of Columbus Inc ($333k), Luther Heights Inc ($334k) and Ampleharvest Org ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $163k. At year end it held assets of $289k against liabilities of $19k, net assets of $270k. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.