The Winston-Salem Rescue Mission Inc

Analysis

The Winston-Salem Rescue Mission Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in June 1968, 58 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Winston-Salem Rescue Mission Inc reported income of $4.4m and spending of $4.5m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.2m to $4.4m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Winston-Salem Rescue Mission Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Human Services Programs of Carroll County Inc ($4.4m), Housing Resource Center of Monterey County ($4.4m) and Brethren Home Foundation ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $77k (1.7% of expenses). Other salaries and wages came to $1.7m. It paid $540k in professional fundraising fees. At year end it held assets of $6.5m against liabilities of $239k, net assets of $6.3m. It reported 62 employees.