Rescue Ministries of Mid-Michigan

Analysis

Rescue Ministries of Mid-Michigan is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in July 1945, 81 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 December 2023, Rescue Ministries of Mid-Michigan reported income of $7.0m and spending of $6.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.8m to $7.0m (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rescue Ministries of Mid-Michigan sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Ebenezer Lakes Assisted Living ($7.0m), Casas Por Cristo ($7.0m) and Cedar Creek Retirement Home Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $91k (1.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $12.3m against liabilities of $1.6m, net assets of $10.6m. It reported 84 employees.