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 rating871 of 1102112 of 140
Fund acquisition rating622 of 110381 of 140
Resource allocation rating925 of 1103112 of 140
Asset utilization rating677 of 110289 of 140

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%12%21%12%13%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%11%19%10%12%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%87%87%84%90%91%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%11%13%14%11%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%13%13%16%10%9%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%72%79%72%79%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%97%143%70%105%78%
Program output ratio Program output ratio =
Program services /
Total revenue
70%70%113%51%82%61%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%3%-43%30%-5%22%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%2%-24%17%-2%13%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%16%8%13%10%9%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.480.640.340.410.37
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.673.456.613.473.373.39
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.671.674.211.191.371.25
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.7316.154.6116.4413.8317.51
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.060.220.060.070.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.466.722.239.508.109.04
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%22%18%14%22%21%
Debt ratio Debt ratio =
Debt /
Total assets
1%9%15%12%20%19%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
160%161%129%252%192%214%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$754,355$673,993$4,336,240$3,444,633$923,606
Receivables, inventories, prepaids$4,866,505$2,071,054$1,829,204$2,353,228$4,919,289
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$5,620,860$2,745,047$6,165,444$5,797,861$5,842,895
Long-term investments$0$0$0$0$0
Fixed assets$2,078,710$5,825,211$5,686,984$4,197,145$4,422,185
Other long-term assets$11,715,880$9,565,380$9,570,280$9,522,680$9,518,780
Total long-term assets$13,794,590$15,390,591$15,257,264$13,719,825$13,940,965
Total assets$19,415,450$18,135,638$21,422,708$19,517,686$19,783,860
 
Liabilities20232022202120202019
Payables and accrued expenses$347,950$595,378$375,043$419,272$333,634
Other current liabilities$0$0$0$0$0
Total current liabilities$347,950$595,378$375,043$419,272$333,634
Debt$1,692,417$2,636,167$2,636,167$3,816,158$3,816,069
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,190,792$0$0$0$0
Total long-term liabilities$3,883,209$2,636,167$2,636,167$3,816,158$3,816,069
Total liabilities$4,231,159$3,231,545$3,011,210$4,235,430$4,149,703
 
Net assets20232022202120202019
Without donor restrictions$13,813,476$12,013,058$14,057,318$12,917,887$8,502,833
With donor restrictions$1,370,815$2,891,035$4,354,180$2,364,369$7,131,324
Net assets$15,184,291$14,904,093$18,411,498$15,282,256$15,634,157
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$8,480,217$7,020,337$8,704,360$6,887,786$8,592,152
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income($305,635)($11,131)$939,149$95,927$42,897
Other revenue$1,531,061$1,046,959$748,685$632,046$756,126
Total other revenue$1,225,426$1,035,828$1,687,834$727,973$799,023
Total revenue$9,705,643$8,056,165$10,392,194$7,615,759$9,391,175
 
Expenses20232022202120202019
Program services$6,813,272$9,093,823$5,290,217$6,262,900$5,691,765
Management and general$1,547,518$959,163$982,507$794,100$684,242
Fundraising$1,049,255$1,505,684$1,037,828$914,560$935,785
Total expenses$9,410,045$11,558,670$7,310,552$7,971,560$7,311,792
 
Change in net assets20232022202120202019
Surplus (deficit)$295,598($3,502,505)$3,081,642($355,801)$2,079,383
Other changes in net assets$0$0$0$0$0
Total change in net assets$295,598($3,502,505)$3,081,642($355,801)$2,079,383

Compensation

NameTitleCompensation
Reverend Donovan ColeyCEO$157,082
Jeffrey MusickCFO$124,869

Compensation data as of: 6/30/2023


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