Atlantic City Rescue Mission Inc

Analysis

Atlantic City Rescue Mission Inc is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in October 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 (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, Atlantic City Rescue Mission Inc reported income of $6.3m and spending of $6.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $6.3m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Atlantic City 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 94th percentile within NJ. Charities of a similar size with the same main cause include City Help Inc of Phoenix ($6.3m), St Vincent de Paul Society ($6.3m) and Arizona Friends of Foster Children Foundation ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.2% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $8.3m against liabilities of $2.6m, net assets of $5.7m. It reported 50 employees.