Fairbanks Rescue Mission Inc

Analysis

Fairbanks Rescue Mission Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in December 1973, 53 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, Fairbanks Rescue Mission Inc reported income of $3.6m and spending of $3.3m, spending 92% of its income. Across the 5 years on record, from March 2019 to June 2023, income grew from $2.3m to $3.6m (+57%), an average of +12% a year. The sharpest change came in the year to March 2021, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fairbanks Rescue Mission Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within AK. Charities of a similar size with the same main cause include Four Seasons Health Care Center Inc ($3.6m), Cardinal Shehan Center for Aging ($3.6m) and Transformation Network ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $103k (3.1% of expenses). Other salaries and wages came to $902k. At year end it held assets of $6.3m against liabilities of $63k, net assets of $6.3m. It reported 50 employees.