Rutland City Rescue Mission Inc

Analysis

Rutland City Rescue Mission Inc is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rutland City Rescue Mission Inc reported income of $336k and spending of $489k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $433k to $336k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rutland City Rescue Mission Inc 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 57th percentile within VT. Charities of a similar size with the same main cause include Love Is a Gift Incorporated ($336k), Sevatruck Foundation ($336k) and Friends of Bourne Council on Aging Inc ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $88k (18% of expenses). Other salaries and wages came to $225k. At year end it held assets of $271k against liabilities of $5,762, net assets of $265k. It reported 19 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.