Piedmont Rescue Mission Inc

Analysis

Piedmont Rescue Mission Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in September 1989, 37 years ago. 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, Piedmont Rescue Mission Inc reported income of $705k and spending of $551k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $418k to $705k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Piedmont Rescue Mission Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Dallas Bethlehem Center Inc ($705k), Greater Augusta Sports Council Inc ($706k) and Traverse City Athletic Booster Club ($705k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $65k (12% of expenses). Other salaries and wages came to $201k. At year end it held assets of $1.4m against liabilities of $75k, net assets of $1.3m. It reported 34 employees.