The Rescue Mission

Analysis

The Rescue Mission is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in May 1940, 86 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 2024, The Rescue Mission reported income of $12.4m and spending of $12.8m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $11.5m to $12.4m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Rescue Mission sits at the 96th 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 97th percentile within WA. Charities of a similar size with the same main cause include Headwaters Community Housing Trust ($12.3m), Central Valley Low Income Housing Corporation ($12.4m) and Newco Alp Inc ($12.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $321k (2.5% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $30.9m against liabilities of $18.1m, net assets of $12.9m. It reported 149 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.