Rhode Island Rescue Ministries 
The information on this page was last updated 6/12/2026. If you see errors or omissions, please email: [email protected]
Summary
Serving Christ, Serving the Homeless and Poor of Our Community since 1999.
Contact information
Mailing address:
Rhode Island Rescue Ministries
627 Cranston Street
Providence, RI 02907
Website: www.providencerescuemission.org
Phone: (401)-274-8861
Organization details
EIN: 050503326
CEO/President: Sean Carew
Chairman: Robert Kalander
Board size: 3
Founder:
Ruling year: 1999
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Our goal is to preach the gospel of Jesus Christ while treating every individual that comes through our doors with dignity and respect.
Mission statement
Our mission is to reach the homeless and needy of Rhode Island's urban centers with the Gospel of Jesus Christ while providing physical, emotional, educational and rehabilitative services at no expense to those in need.
Statement of faith
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 11 of 1366 | 1 of 151 |
| Fund acquisition rating | | 191 of 1366 | 8 of 151 |
| Resource allocation rating | | 38 of 1366 | 5 of 151 |
| Asset utilization rating | | 1 of 1367 | 1 of 151 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 2% | 3% | 5% | 6% | 3% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 9% | 2% | 3% | 5% | 6% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 100% | 100% | 100% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 2% | 3% | 5% | 6% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 0% | 0% | 0% | 0% | 0% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 96% | 94% | 91% | 89% | 93% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 100% | 100% | 97% | 100% | 95% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 96% | 94% | 89% | 89% | 88% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 0% | 0% | 3% | 0% | 5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | -2% | -5% | 20% | -2% | 35% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 2% | 3% | 4% | 5% | 4% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.56 | 14.43 | 10.17 | 6.88 | 6.08 | 6.62 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.90 | 71.11 | 795.36 | 48.16 | 10.62 | 7.92 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.01 | 1026.07 | 8085.84 | 331.25 | 64.60 | 52.40 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 9.69 | 0.25 | 0.02 | 0.57 | 2.60 | 1.83 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.10 | 3.97 | 47.57 | 1.77 | 0.38 | 0.55 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.37 | -0.03 | -0.07 | -0.03 | 0.11 | 0.10 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 6% | 7% | 4% | 6% | 10% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 1% | 1% | 2% | 3% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 145% | 7% | 9% | 14% | 16% | 14% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $7,159 | $1,122 | $18,984 | $69,814 | $99,885 |
| Receivables, inventories, prepaids | $5,000 | $0 | $0 | $0 | $0 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $12,159 | $1,122 | $18,984 | $69,814 | $99,885 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $852,469 | $891,267 | $895,299 | $649,699 | $689,297 |
| Other long-term assets | $0 | $0 | $0 | $22,151 | $2,000 |
| Total long-term assets | $852,469 | $891,267 | $895,299 | $671,850 | $691,297 |
| Total assets | $864,628 | $892,389 | $914,283 | $741,664 | $791,182 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $48,250 | $53,368 | $33,509 | $26,873 | $54,662 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $48,250 | $53,368 | $33,509 | $26,873 | $54,662 |
| Debt | $0 | $5,242 | $5,242 | $15,466 | $21,962 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $5,242 | $5,242 | $15,466 | $21,962 |
| Total liabilities | $48,250 | $58,610 | $38,751 | $42,339 | $76,624 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $0 | $0 | $0 | $0 | $0 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $816,378 | $833,779 | $875,532 | $699,325 | $714,558 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $12,458,593 | $9,030,563 | $6,464,746 | $4,494,936 | $5,486,926 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total other revenue | $0 | $0 | $0 | $0 | $0 |
| Total revenue | $12,458,593 | $9,030,563 | $6,464,746 | $4,494,936 | $5,486,926 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $11,944,190 | $8,500,192 | $5,728,819 | $4,011,950 | $4,851,479 |
| Management and general | $276,375 | $277,723 | $235,032 | $221,334 | $208,964 |
| Fundraising | $255,429 | $294,401 | $324,688 | $276,885 | $173,875 |
| Total expenses | $12,475,994 | $9,072,316 | $6,288,539 | $4,510,169 | $5,234,318 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($17,401) | ($41,753) | $176,207 | ($15,233) | $252,608 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($17,401) | ($41,753) | $176,207 | ($15,233) | $252,608 |
Compensation
| Name | Title | Compensation |
| Sean Carew | Exec Director | $82,558 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/12/2026. To update the information below, please email: [email protected]