The Rescue Mission, Fort Wayne

The information on this page was last updated 3/17/2023. If you see errors or omissions, please email: [email protected]


Summary

The Rescue Mission, founded in 1903, is a faith-based, nonprofit, 501(c)(3) organization, providing restorative care to men, women and children experiencing a homeless crisis. Our organization serves Fort Wayne, Allen County, and its eleven surrounding counties. The Mission is comprised of four ministries (or houses) that function as communities of compassion.


Contact information

Mailing address:
The Rescue Mission
404 E. Washington Blvd
Fort Wayne, IN 46802

Website: fwrm.org

Phone: 260-426-7357

Email: [email protected]


Organization details

EIN: 351054670

CEO/President: Donovan Coley

Chairman: E. James Swift

Board size: 12

Founder:

Ruling year: 1908

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2020


Purpose

To transform lives through the love of Jesus Christ. Our main purpose is to provide restorative care for men, women, and children who are experiencing a homeless crisis.


Mission statement

To provide, through the power of Jesus Christ, a home for the homeless, food for the hungry, and hope for their future.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating755 of 107795 of 144
Fund acquisition rating927 of 1078138 of 144
Resource allocation rating708 of 107883 of 144
Asset utilization rating366 of 107750 of 144

Financial ratios

Funding ratiosSector median20222020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%21%13%11%10%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%19%12%10%9%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%87%90%91%93%92%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%13%11%13%16%16%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%13%10%9%7%8%
 
Operating ratiosSector median20222020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%79%79%78%75%74%
Spending ratio Spending ratio =
Total expenses /
Total revenue
84%143%105%78%60%69%
Program output ratio Program output ratio =
Program services /
Total revenue
67%113%82%61%45%51%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
16%-43%-5%22%40%31%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
13%-24%-2%13%29%27%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%8%10%9%10%10%
 
Investing ratiosSector median20222020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.560.640.410.370.400.54
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.646.613.373.391.982.47
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.594.211.371.250.781.35
 
Liquidity ratiosSector median20222020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.934.6113.8317.5119.1314.17
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.220.070.060.050.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.372.238.109.0414.518.29
 
Solvency ratiosSector median20222020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%18%22%21%9%12%
Debt ratio Debt ratio =
Debt /
Total assets
1%15%20%19%7%9%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
153%129%192%214%229%162%

Financials

Balance sheet
 
Assets20222020201920182017
Cash$673,993$3,444,633$923,606$2,668,329$1,690,352
Receivables, inventories, prepaids$2,071,054$2,353,228$4,919,289$4,859,150$2,742,127
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,745,047$5,797,861$5,842,895$7,527,479$4,432,479
Long-term investments$0$0$0$0$0
Fixed assets$5,825,211$4,197,145$4,422,185$7,027,708$6,165,400
Other long-term assets$9,565,380$9,522,680$9,518,780$365,600$358,800
Total long-term assets$15,390,591$13,719,825$13,940,965$7,393,308$6,524,200
Total assets$18,135,638$19,517,686$19,783,860$14,920,787$10,956,679
 
Liabilities20222020201920182017
Payables and accrued expenses$595,378$419,272$333,634$393,413$312,749
Other current liabilities$0$0$0$0$0
Total current liabilities$595,378$419,272$333,634$393,413$312,749
Debt$2,636,167$3,816,158$3,816,069$990,000$990,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$2,636,167$3,816,158$3,816,069$990,000$990,000
Total liabilities$3,231,545$4,235,430$4,149,703$1,383,413$1,302,749
 
Net assets20222020201920182017
Without donor restrictions$12,013,058$12,917,887$8,502,833$7,033,427$5,958,459
With donor restrictions$2,891,035$2,364,369$7,131,324$6,503,947$3,695,471
Net assets$14,904,093$15,282,256$15,634,157$13,537,374$9,653,930
 
Revenues and expenses
 
Revenue20222020201920182017
Total contributions$7,020,337$6,887,786$8,592,152$9,101,009$7,936,248
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income($11,131)$95,927$42,897$3,005$34,810
Other revenue$1,046,959$632,046$756,126$673,190$612,949
Total other revenue$1,035,828$727,973$799,023$676,195$647,759
Total revenue$8,056,165$7,615,759$9,391,175$9,777,204$8,584,007
 
Expenses20222020201920182017
Program services$9,093,823$6,262,900$5,691,765$4,399,285$4,394,527
Management and general$959,163$794,100$684,242$581,071$593,717
Fundraising$1,505,684$914,560$935,785$920,204$973,940
Total expenses$11,558,670$7,971,560$7,311,792$5,900,560$5,962,184
 
Change in net assets20222020201920182017
Surplus (deficit)($3,502,505)($355,801)$2,079,383$3,876,644$2,621,823
Other changes in net assets$0$0$0$0$0
Total change in net assets($3,502,505)($355,801)$2,079,383$3,876,644$2,621,823

Compensation

NameTitleCompensation
Reverend Donovan ColeyCEO$180,736
Jeffrey MusickCFO$125,455

Compensation data as of: 6/30/2020


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 3/17/2023. To update the information below, please email: [email protected]


History


Program accomplishments

The Rescue Mission is considered one of the leading and widely respected nonprofits in our region and a leader of Rescue Missions in the Citygate Network.


Needs