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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 839 of 1118 | 103 of 141 |
| Fund acquisition rating | | 610 of 1119 | 78 of 141 |
| Resource allocation rating | | 900 of 1119 | 111 of 141 |
| Asset utilization rating | | 637 of 1118 | 86 of 141 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
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 ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 78% | 72% | 79% | 72% | 79% | 78% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 97% | 143% | 70% | 105% | 78% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 70% | 113% | 51% | 82% | 61% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 3% | -43% | 30% | -5% | 22% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 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 ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.48 | 0.64 | 0.34 | 0.41 | 0.37 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.85 | 3.45 | 6.61 | 3.47 | 3.37 | 3.39 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.74 | 1.67 | 4.21 | 1.19 | 1.37 | 1.25 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 11.95 | 16.15 | 4.61 | 16.44 | 13.83 | 17.51 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.06 | 0.22 | 0.06 | 0.07 | 0.06 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.06 | 6.72 | 2.23 | 9.50 | 8.10 | 9.04 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 22% | 18% | 14% | 22% | 21% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 9% | 15% | 12% | 20% | 19% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 154% | 161% | 129% | 252% | 192% | 214% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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
| Name | Title | Compensation |
| Reverend Donovan Coley | CEO | $157,082 |
| Jeffrey Musick | CFO | $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.