Rescue Mission of Salt Lake Inc

Analysis

Rescue Mission of Salt Lake Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rescue Mission of Salt Lake Inc reported income of $5.4m and spending of $4.3m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $5.4m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rescue Mission of Salt Lake Inc 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 92nd percentile within UT. Charities of a similar size with the same main cause include Mid-Coast Family Services ($5.3m), Vehicles for Change Inc ($5.4m) and The Joe Torre Safe at Home Foundation ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $101k (2.3% of expenses). Other salaries and wages came to $1.0m. It paid $441k in professional fundraising fees. At year end it held assets of $12.3m against liabilities of $84k, net assets of $12.2m. It reported 22 employees.