Westminster Rescue Mission Inc

Analysis

Westminster Rescue Mission Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in May 1969, 57 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 August 2023, Westminster Rescue Mission Inc reported income of $2.6m and spending of $2.6m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.7m to $2.6m (+57%), an average of +12% a year. The sharpest change came in the year to August 2020, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westminster Rescue Mission Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Southside Community Development and Housing Corporation ($2.6m), Cahec Properties Corporation ($2.6m) and Govans Ecumenical Development Corporation ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 55% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $185k (7.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.1m against liabilities of $819k, net assets of $3.2m. It reported 48 employees.