Hiway 80 Rescue Mission

Analysis

Hiway 80 Rescue Mission is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in May 1971, 55 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 September 2023, Hiway 80 Rescue Mission reported income of $4.6m and spending of $3.5m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.9m to $4.6m (+57%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 22%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hiway 80 Rescue Mission sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include LA Raza Community Resource Center Inc ($4.6m), Higher Achievement Program Inc ($4.6m) and Valorus ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Other salaries and wages came to $856k. At year end it held assets of $8.9m against liabilities of $84k, net assets of $8.8m. It reported 37 employees.