The Fort Wayne Rescue Mission Ministries Inc

Analysis

The Fort Wayne Rescue Mission Ministries Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in October 1908, 118 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 2024, The Fort Wayne Rescue Mission Ministries Inc reported income of $10.6m and spending of $10.6m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.6m to $10.6m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Fort Wayne Rescue Mission Ministries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Excel Development Co Inc ($10.6m), Sleep in Heavenly Peace Inc ($10.6m) and Westbeth Corp Housing Development Fund Company Inc ($10.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $380k (3.6% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $19.6m against liabilities of $4.3m, net assets of $15.3m. It reported 192 employees.