Rescue Mission of Roanoke Inc

Analysis

Rescue Mission of Roanoke Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in October 1954, 72 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rescue Mission of Roanoke Inc reported income of $6.3m and spending of $6.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $6.3m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rescue Mission of Roanoke 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 94th percentile within VA. Charities of a similar size with the same main cause include Los Angeles Residential Community Foundation ($6.3m), Human Resources Authority Inc ($6.3m) and Client Community Services Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $237k (3.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $11.5m against liabilities of $541k, net assets of $11.0m. It reported 133 employees.