Temps to the Rescue Inc

Analysis

Temps to the Rescue Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Temps to the Rescue Inc reported income of $3.5m and spending of $3.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.5m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Temps to the Rescue 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 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Waterfront Alliance Inc ($3.5m), Dakota Business Lending ($3.5m) and Center for Training & Careers Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $711k against liabilities of $304k, net assets of $408k. It reported 161 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.