Project Restore

Analysis

Project Restore is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1986, 40 years ago. 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 June 2023, Project Restore reported income of $375k and spending of $503k, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $282k to $375k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2020, when income rose by 157%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Restore sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include East Windsor Police Athletic League ($375k), Economic Development Council of Livingston County ($375k) and Howard Fire Company No 1 Inc ($375k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (11% of expenses). Other salaries and wages came to $106k. At year end it held assets of $508k against liabilities of $0, net assets of $508k. It reported 4 employees.