Rescue Mission of Utica Inc

Analysis

Rescue Mission of Utica Inc is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in April 1951, 75 years ago. 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 December 2023, Rescue Mission of Utica Inc reported income of $8.7m and spending of $8.3m, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $8.1m to $8.7m (+8.3%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rescue Mission of Utica Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Northeast Conference ($8.7m), Lucy Burns Institute Inc ($8.7m) and Fond du Lac Lutheran Home Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $211k (2.5% of expenses). Other salaries and wages came to $4.0m. It paid $117k in professional fundraising fees. At year end it held assets of $10.2m against liabilities of $6.0m, net assets of $4.2m. It reported 158 employees.