Frederick Rescue Mission Inc

Analysis

Frederick Rescue Mission Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in March 1967, 59 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, Frederick Rescue Mission Inc reported income of $5.8m and spending of $5.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $5.8m (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Frederick Rescue Mission Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include The Maggie@walker Community Land Trust ($5.8m), Eventide West Fargo LLC ($5.8m) and The Light House Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $277k (4.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.4m against liabilities of $357k, net assets of $7.1m. It reported 53 employees.