Rescue Missions Ministries Inc

Analysis

Rescue Missions Ministries Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 1982, 44 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rescue Missions Ministries Inc reported income of $17.4m and spending of $15.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.2m to $17.4m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rescue Missions Ministries Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Vista Grande Villa ($17.4m), Rainbow Hospice and Palliative Care ($17.4m) and Soldier on Inc ($17.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $255k (1.6% of expenses). Other salaries and wages came to $5.5m. It paid $1.2m in professional fundraising fees. At year end it held assets of $24.6m against liabilities of $737k, net assets of $23.8m. It reported 49 employees.