Raleigh Rescue Mission Foundation Inc

Analysis

Raleigh Rescue Mission Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Raleigh Rescue Mission Foundation Inc reported income of $6.6m and spending of $405k, leaving 94% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $56k to $6.6m (+11667%), an average of +229% a year. The sharpest change came in the year to August 2023, when income rose by 814%. Over the whole period it spent 13% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Raleigh Rescue Mission Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Quest Services Inc ($6.6m), Fondos Unidos de Puerto Rico Inc ($6.7m) and Queens College Special Projects Fund Inc ($6.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $10.5m against liabilities of $548k, net assets of $9.9m.