Springfield Rescue Mission Inc

Analysis

Springfield Rescue Mission Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in April 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, Springfield Rescue Mission Inc reported income of $19.2m and spending of $19.4m, spending 101% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $6.5m to $19.2m (+196%), an average of +44% a year. The sharpest change came in the year to May 2021, when income rose by 100%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springfield Rescue Mission Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Giving Hope Inc ($19.2m), Second Harvest Foodbank of North Central Ohio ($19.2m) and United Helpers Care Inc ($19.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (0.5% of expenses). Other salaries and wages came to $1.1m. It paid $195k in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $101k, net assets of $3.2m. It reported 34 employees.