Is Restoration Ministries Inc Legit? —…

Strengths

Consistent revenue growth, increasing from $59,276 in 2020 to $207,525 in 2023.
No reported officer compensation across all nine available filings, indicating efficient use of funds.
Strong asset accumulation, growing from $14,015 in 2020 to $66,552 in 2023.
Low liabilities relative to assets, with liabilities never exceeding $1,703 in any reported period.
Positive net income in most recent periods, with expenses ($182,904) consistently lower than revenue ($207,525) in 2023.

Spending Breakdown

How Restoration Ministries Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Restoration Ministries Inc

Is Restoration Ministries Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Restoration Ministries Inc (EIN: 205732943) appears trustworthy. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.

Is Restoration Ministries Inc a good charity to donate to?

Restoration Ministries Inc has a Mission Score of 88/100. Revenue: $207K. Assets: $78K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Restoration Ministries Inc?

The Employer Identification Number (EIN) for Restoration Ministries Inc is 205732943. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Restoration Ministries Inc spend its money?

Restoration Ministries Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Restoration Ministries Inc's tax-exempt status?

You can verify Restoration Ministries Inc's tax-exempt status using EIN 205732943 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Restoration Ministries Inc demonstrates a pattern of consistent growth in revenue and assets over the past several years, indicating increasing financial capacity. For example, revenue grew from $59,276 in 2020 to $207,525 in 2023, and assets increased from $14,015 to $66,552 in the same period. The organization consistently spends less than it brings in, as seen in the 2023 period where expenses were $182,904 against $207,525 in revenue, contributing to asset accumulation.

The organization's spending efficiency appears strong, with no reported officer compensation across all available filings, suggesting that resources are directed towards programs and operational costs rather than executive salaries. While specific program spending ratios are not detailed in the provided data, the absence of executive compensation is a positive indicator for donor confidence. The organization's liabilities have remained relatively low, with the highest reported at $1,703 in 2022, further indicating sound financial management.

Transparency is generally good given the consistent filing of IRS Form 990s. The growth in assets and revenue, coupled with minimal liabilities and no executive compensation, paints a picture of a financially stable and responsibly managed small nonprofit. However, a more detailed breakdown of program vs. administrative vs. fundraising expenses would provide even greater insight into spending efficiency.

Is Restoration Ministries Inc Legit?

Verdict: Restoration Ministries Inc appears trustworthy