Charlotte Rescue Mission

Analysis

Charlotte Rescue Mission is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 1951, 75 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Charlotte Rescue Mission reported income of $20.1m and spending of $10.1m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $20.1m (+164%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 58% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charlotte Rescue Mission sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Center for Comprehensive Care and Diagnosis of Inherited Blood ($20.1m), Lines for Life ($20.1m) and Community Health Centers Inc ($20.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $335k (3.3% of expenses). Other salaries and wages came to $3.9m. It paid $896k in professional fundraising fees. At year end it held assets of $48.2m against liabilities of $2.7m, net assets of $45.6m. It reported 134 employees.