Waterfront Rescue Mission Inc

Analysis

Waterfront Rescue Mission Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in January 1964, 62 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waterfront Rescue Mission Inc reported income of $15.0m and spending of $13.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.8m to $15.0m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 184%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Waterfront Rescue Mission 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 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Justine Petersen Housing and Reinvestment Corporation ($15.0m), Concordia of Ohio ($15.0m) and Neighborhood in Rio Rancho ($14.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $204k (1.5% of expenses). Other salaries and wages came to $6.5m. It paid $558k in professional fundraising fees. At year end it held assets of $28.6m against liabilities of $5.0m, net assets of $23.6m. It reported 486 employees.