Niagara Gospel Rescue Mission Inc

Analysis

Niagara Gospel Rescue Mission Inc is a registered charity in United States, based in Niagara Falls, NY. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Niagara Gospel Rescue Mission Inc reported income of $923k and spending of $848k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $923k (-58%), an average of -20% a year. The sharpest change came in the year to June 2021, when income rose by 94%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Niagara Gospel Rescue Mission Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Metec ($921k), RVSL Foundation ($923k) and Dayton Christian Center Inc ($921k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $33k (3.9% of expenses). Other salaries and wages came to $283k. At year end it held assets of $3.0m against liabilities of $13k, net assets of $2.9m. It reported 21 employees.