Restoration Incorporated Ministries
EIN: 850744263 · Minneapolis, MN · NTEE: I20
| Metric | Value |
|---|---|
| Total Revenue | $163K |
| Total Expenses | $268K |
| Net Assets | $8K |
Is Restoration Incorporated Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Restoration Incorporated Ministries
Restoration Incorporated Ministries (EIN: 850744263) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code I20. The organization reported total revenue of $163K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Restoration Incorporated Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Restoration Incorporated Ministries is a small nonprofit that has been operating for 2 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 200.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $276K |
| Total Expenses | $268K |
| Surplus / Deficit | +$8K |
| Total Assets | $276K |
| Total Liabilities | $268K |
| Net Assets | $8K |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 97.2% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, Restoration Incorporated Ministries reported a surplus of $8K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 97.2% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Restoration Incorporated Ministries's revenue has grown at a compound annual growth rate (CAGR) of 200.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +417.4% | +414.6% | +8458.7% |
| 2022 | +74.2% | +82.1% | +61.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Restoration Incorporated Ministries has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Restoration Incorporated Ministries with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 97.2%.
Frequently Asked Questions about Restoration Incorporated Ministries
Is Restoration Incorporated Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Restoration Incorporated Ministries (EIN: 850744263) insufficient data. 0 red flags identified, 0 strengths noted.
How does Restoration Incorporated Ministries spend its money?
Detailed spending breakdown data is not yet available for Restoration Incorporated Ministries. Check back for updated IRS 990 analysis.
Are donations to Restoration Incorporated Ministries tax-deductible?
Restoration Incorporated Ministries is registered as a tax-exempt nonprofit (EIN: 850744263). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Restoration Incorporated Ministries located?
Restoration Incorporated Ministries is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 850744263. It is classified under NTEE code I20.
How many years of IRS 990 filings does Restoration Incorporated Ministries have?
Restoration Incorporated Ministries has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $163K in total revenue.
Filing History
IRS 990 filing history for Restoration Incorporated Ministries showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Restoration Incorporated Ministries's revenue has grown by 801.1%, moving from $31K to $276K. Total assets increased by 13701% over the same period, from $2K to $276K. Total functional expenses rose by 836.8%, from $29K to $268K. In its most recent filing year (2023), Restoration Incorporated Ministries reported a surplus of $8K, with revenue exceeding expenses. The organization holds $268K in liabilities against $276K in assets (debt-to-asset ratio: 97.2%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $276K | $268K | $276K | $268K | — | — |
| 2022 | $53K | $52K | $3K | $0 | — | — |
| 2021 | $31K | $29K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $276K, expenses of $268K, and assets of $276K (revenue +417.4% year-over-year).
- 2022: Revenue of $53K, expenses of $52K, and assets of $3K (revenue +74.2% year-over-year).
- 2021: Revenue of $31K, expenses of $29K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Restoration Incorporated Ministries:
Data Sources and Methodology
This transparency report for Restoration Incorporated Ministries is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.