Raleigh Rescue Mission Incorporated

Analysis

Raleigh Rescue Mission Incorporated is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 1962, 64 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Raleigh Rescue Mission Incorporated reported income of $4.6m and spending of $4.6m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $5.4m to $4.6m (-15%), an average of -4.1% a year. The sharpest change came in the year to August 2022, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raleigh Rescue Mission Incorporated 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 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Louisiana Childrens Research Center for Development and Learning ($4.6m), Families in Transition of Santa Cruz County Inc ($4.6m) and Blaine County Hunger Coalition Inc ($4.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $178k (3.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.3m against liabilities of $338k, net assets of $4.9m. It reported 82 employees.