Kokomo Rescue Mission

Analysis

Kokomo Rescue Mission is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in February 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kokomo Rescue Mission reported income of $3.5m and spending of $3.8m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $3.5m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kokomo Rescue Mission 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 IN. Charities of a similar size with the same main cause include Society of St Vincent de Paul Particular Council of San Mateo ($3.5m), Hope Cottage Inc ($3.5m) and Bethel Bible Village ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $109k (2.9% of expenses). Other salaries and wages came to $1.5m. It paid $180k in professional fundraising fees. At year end it held assets of $5.9m against liabilities of $77k, net assets of $5.9m. It reported 65 employees.