Rescue Mission of the Cape Fear

Analysis

Rescue Mission of the Cape Fear is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in November 1974, 52 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 the Cape Fear reported income of $315k and spending of $427k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $354k to $315k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 106% 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 the Cape Fear sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Wickenburg Community Hospital Foundation Inc ($315k), Capital Area Therapeutic Riding Associaton ($315k) and Fairburn Youth Association ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 119% of the total. Other salaries and wages came to $240k. At year end it held assets of $765k against liabilities of $7,437, net assets of $757k.