Downtown Rescue Mission Inc

Analysis

Downtown Rescue Mission Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in July 1979, 47 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 June 2023, Downtown Rescue Mission Inc reported income of $14.2m and spending of $11.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.9m to $14.2m (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Downtown Rescue Mission Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Alexandria Housing Development Corporation ($14.1m), Cloverwood Senior Living Inc ($14.2m) and Housing Assistance Council ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $156k (1.4% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $20.5m against liabilities of $7.0m, net assets of $13.5m. It reported 232 employees.