Albany Rescue Mission Inc

Analysis

Albany Rescue Mission Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Albany Rescue Mission Inc reported income of $498k and spending of $531k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $551k to $498k (-9.6%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Albany Rescue Mission Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include Nowata Gardens Inc ($498k), St Paul Church of God in Christ Community Development Ministries ($498k) and City Center Nova ($498k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $59k (11% of expenses). At year end it held assets of $263k against liabilities of $2,992, net assets of $260k. It reported 1 employees.