Rescue Incorporated

Analysis

Rescue Incorporated is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in June 1967, 59 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rescue Incorporated reported income of $2.4m and spending of $2.5m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.4m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rescue Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Pharr Housing Development Corporation ($2.4m), Safe Haven Ministries Inc ($2.4m) and Habitat for Humanity International Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $1.3m. It paid $169k in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $61k, net assets of $4.6m. It reported 45 employees.