Restoration Ministries Inc
Restoration Ministries Inc shows consistent revenue growth and no executive compensation.
EIN: 205732943 · Edina, MN · NTEE: X192 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $207K |
| Total Expenses | $183K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $206,537. |
| Net Assets | $66K |
| Transparency Score | 88/100 |
Is Restoration Ministries Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Restoration Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Restoration Ministries Inc
Restoration Ministries Inc (EIN: 205732943) is a nonprofit organization based in Edina, MN, classified under NTEE code X192. The organization reported total revenue of $207K and total assets of $78K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Restoration Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Restoration Ministries Inc is a small nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $208K |
| Total Expenses | $183K |
| Surplus / Deficit | +$25K |
| Total Assets | $67K |
| Total Liabilities | $723 |
| Net Assets | $66K |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 4.4 months |
Financial Health Grade: A
In 2023, Restoration Ministries Inc reported a surplus of $25K with revenue exceeding expenses, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Restoration Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.1% | +61.6% | +55.1% |
| 2022 | +40.6% | +41.7% | +64.9% |
| 2021 | +54.5% | +51.2% | +85.6% |
| 2020 | +52.1% | +17.2% | +92.1% |
| 2015 | -52.8% | -43.6% | -45.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Restoration Ministries Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Restoration Ministries Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
No officer compensation has been reported in any of the nine available IRS 990 filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly favorable for a small organization of its size with latest revenue of $206,537.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Restoration Ministries Inc:
- 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.
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 legitimate. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.
How does Restoration Ministries Inc spend its money?
Restoration Ministries Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Restoration Ministries Inc tax-deductible?
Restoration Ministries Inc is registered as a tax-exempt nonprofit (EIN: 205732943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Restoration Ministries Inc CEO make?
Restoration Ministries Inc's highest-compensated officer earns $206,537. annually. The organization reported $207K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Restoration Ministries Inc's spending goes to programs?
Restoration Ministries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Restoration Ministries Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Restoration Ministries Inc is above average for NTEE category X192 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Restoration Ministries Inc located?
Restoration Ministries Inc is headquartered in Edina, Minnesota and files with the IRS under EIN 205732943. It is classified under NTEE code X192.
How many years of IRS 990 filings does Restoration Ministries Inc have?
Restoration Ministries Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $207K in total revenue.
How does Restoration Ministries Inc allocate its expenses between programs, administration, and fundraising?
While specific detailed breakdowns are not provided in the summary data, the absence of officer compensation suggests a high proportion of expenses are likely directed towards programs and essential administrative functions. A more detailed look at their full 990 forms would be needed for precise percentages.
What is the primary source of Restoration Ministries Inc's revenue growth?
The provided data shows consistent revenue growth from $59,276 in 2020 to $207,525 in 2023. Without further detail on the types of revenue (e.g., contributions, program service revenue), it's not possible to pinpoint the exact primary source, but it indicates increasing donor support or program engagement.
Does Restoration Ministries Inc have sufficient assets to cover its liabilities?
Yes, with assets of $66,552 in 2023 and liabilities of only $723, the organization has a very strong asset-to-liability ratio, indicating excellent financial solvency.
Filing History
IRS 990 filing history for Restoration Ministries Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Restoration Ministries Inc's revenue has grown by 215.4%, moving from $66K to $208K. Total assets increased by 214.8% over the same period, from $21K to $67K. Total functional expenses rose by 263.9%, from $50K to $183K. In its most recent filing year (2023), Restoration Ministries Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $723 in liabilities against $67K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $66K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $208K | $183K | $67K | $723 | — | View 990 |
| 2022 | $129K | $113K | $43K | $2K | — | View 990 |
| 2021 | $92K | $80K | $26K | $423 | — | View 990 |
| 2020 | $59K | $53K | $14K | $156 | — | View 990 |
| 2015 | $39K | $45K | $7K | $0 | — | View 990 |
| 2014 | $83K | $80K | $13K | $0 | — | View 990 |
| 2013 | $64K | $76K | $11K | $0 | — | View 990 |
| 2012 | $65K | $62K | $23K | $0 | — | View 990 |
| 2011 | $66K | $50K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $208K, expenses of $183K, and assets of $67K (revenue +61.1% year-over-year).
- 2022: Revenue of $129K, expenses of $113K, and assets of $43K (revenue +40.6% year-over-year).
- 2021: Revenue of $92K, expenses of $80K, and assets of $26K (revenue +54.5% year-over-year).
- 2020: Revenue of $59K, expenses of $53K, and assets of $14K (revenue +52.1% year-over-year).
- 2015: Revenue of $39K, expenses of $45K, and assets of $7K (revenue -52.8% year-over-year).
- 2014: Revenue of $83K, expenses of $80K, and assets of $13K (revenue +29.9% year-over-year).
- 2013: Revenue of $64K, expenses of $76K, and assets of $11K (revenue -1.5% year-over-year).
- 2012: Revenue of $65K, expenses of $62K, and assets of $23K (revenue -1.9% year-over-year).
- 2011: Revenue of $66K, expenses of $50K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Restoration Ministries Inc:
Data Sources and Methodology
This transparency report for Restoration Ministries Inc 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.