Suncoast Haven of Rest Rescue Mission Inc

Analysis

Suncoast Haven of Rest Rescue Mission Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in December 1988, 38 years ago. 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, Suncoast Haven of Rest Rescue Mission Inc reported income of $3.5m and spending of $3.6m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $8.1m to $3.5m (-57%), an average of -24% a year. The sharpest change came in the year to December 2021, when income dropped by 39%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Suncoast Haven of Rest Rescue Mission Inc 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 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Nami Ohio ($3.5m), Glass City Academy ($3.5m) and Parsippany Troy Hills Senior Citizens Housing Corporation ($3.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $39k (1.1% of expenses). At year end it held assets of $484k against liabilities of $18k, net assets of $467k. It reported 1 employees.