Peninsula Rescue Mission Inc

Analysis

Peninsula Rescue Mission Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in August 1972, 54 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, Peninsula Rescue Mission Inc reported income of $1.6m and spending of $1.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Peninsula Rescue Mission Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Amr at Pensacola Inc ($1.6m), Hale Mahaolu Home Pumehana II Inc ($1.6m) and Maple View Assisted Living Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 13% of the total. Other salaries and wages came to $586k. It paid $102k in professional fundraising fees. At year end it held assets of $4.4m against liabilities of $625k, net assets of $3.8m. It reported 20 employees.