Boston Rescue Mission Inc

Analysis

Boston Rescue Mission Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1932, 94 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Boston Rescue Mission Inc reported income of $5.7m and spending of $3.0m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.5m to $5.7m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boston Rescue Mission Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Central Iowa Shelter & Services ($5.7m), Pafacom Inc ($5.7m) and Habitat for Humanity International Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 13% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $65.4m against liabilities of $332k, net assets of $65.0m. It reported 41 employees.