Norfolk Rescue Mission Inc

Analysis

Norfolk Rescue Mission Inc is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Norfolk Rescue Mission Inc reported income of $598k and spending of $673k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $440k to $598k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Norfolk Rescue Mission Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NE. Charities of a similar size with the same main cause include Welcome Neighbor STL Inc ($598k), Nicholas Newlin Foundation ($598k) and Real Estate Foundation of San Luis Obispo County ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $71k (11% of expenses). Other salaries and wages came to $339k. At year end it held assets of $3.0m against liabilities of $3,383, net assets of $3.0m. It reported 13 employees.