Western Carolina Rescue Ministries Inc

Analysis

Western Carolina Rescue Ministries Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in July 1980, 46 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 December 2023, Western Carolina Rescue Ministries Inc reported income of $2.8m and spending of $3.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $2.8m (+5.5%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Western Carolina Rescue Ministries Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Care Housing Inc ($2.8m), Community Housing Services Inc ($2.8m) and Cecil Housing Development Fund Corporation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.4% of the total. Other salaries and wages came to $1.2m. It paid $165k in professional fundraising fees. At year end it held assets of $6.0m against liabilities of $1.1m, net assets of $4.9m. It reported 50 employees.