Western Carolina Rescue Ministries, Inc 
The information on this page was last updated 8/25/2023. If you see errors or omissions, please email: [email protected]
Summary
We seek to provide Rescue, Recovery and Restoration in Jesus' Name. Each of the three components of our Ministry - Rescue, Recovery and Restoration - is about meeting people in crisis where they are, caring for them with dignity, and then restoring them to healthy, productive lives.
Our belief is that God has so much more for the men, women and children of Western North Carolina struggling with poverty, homelessness and addiction. We are called to help bring stability to the chaos of these wounded lives and help them discover the plans and potential that God has placed in them.
Whether serving hundreds of meals each day, providing thousands of beds each year, offering a free residential addiction program, or equipping the working poor with life skills and job training, we are committed to reflecting the love of Jesus in a way that changes lives and transforms our community. As a nondenominational ministry, we serve our clients regardless of their faith.
Contact information
Mailing address:
Western Carolina Rescue Ministries, Inc
225 Patton Avenue
PO Box 909
Asheville, NC 28801
Website: westerncarolinarescue.org
Phone: 828-254-0471
Email: [email protected]
Organization details
EIN: 561249407
CEO/President: Rev. Micheal Anthony Woods
Chairman: Robby Russell
Board size: 8
Founder:
Ruling year: 1980
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2011
Purpose
The purpose of Western Carolina Rescue Ministries is to be a lighthouse that shines Jesus' love to all people. Our belief is that God has so much more for the men, women and children of Western North Carolina struggling with poverty, homelessness and addiction. We are called to help bring stability to the chaos of these wounded lives and help them discover the plans and potential that God has placed in them.
Mission statement
Western Carolina Rescue Ministries (WCRM) exists to serve the homeless, poor and addicted populations of western North Carolina. As a non-denominational ministry, we meet people in crisis, focus on helping them at the point of their need, invest in their future, and help them until they can move forward.
Statement of faith
While we serve our clients regardless of their beliefs, we are motivated by the teachings of Jesus Christ.
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 | | 893 of 1117 | 110 of 138 |
| Fund acquisition rating | | 732 of 1118 | 91 of 138 |
| Resource allocation rating | | 590 of 1118 | 75 of 138 |
| Asset utilization rating | | 945 of 1117 | 123 of 138 |
According to the organization's Form 990, it received $524,803 in government grants in 2023.
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 15% | 12% | 9% | 10% | 17% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 13% | 10% | 8% | 9% | 13% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 92% | 88% | 92% | 90% | 76% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 12% | 11% | 14% | 14% | 14% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 8% | 12% | 8% | 10% | 24% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 78% | 81% | 78% | 76% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 110% | 94% | 61% | 67% | 96% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 86% | 77% | 47% | 51% | 74% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | -10% | 6% | 39% | 33% | 4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | -5% | 4% | 33% | 32% | 5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 9% | 8% | 9% | 10% | 9% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.51 | 0.53 | 0.38 | 0.44 | 0.71 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.95 | 15.76 | 9.96 | 4.70 | 2.95 | 12.62 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.75 | 8.03 | 5.30 | 1.81 | 1.29 | 8.91 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.50 | 5.31 | 7.53 | 17.20 | 65.46 | 5.44 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.19 | 0.13 | 0.06 | 0.02 | 0.18 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.33 | 1.21 | 1.96 | 6.26 | 9.16 | 1.10 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 18% | 13% | 25% | 33% | 37% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 17% | 12% | 24% | 33% | 35% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 154% | 160% | 163% | 195% | 153% | 90% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $364,550 | $576,080 | $1,401,648 | $1,653,339 | $246,074 |
| Receivables, inventories, prepaids | $19,099 | $24,011 | $19,376 | $36,239 | $39,996 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $383,649 | $600,091 | $1,421,024 | $1,689,578 | $286,070 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $4,975,018 | $4,951,254 | $5,085,410 | $3,243,448 | $3,323,510 |
| Other long-term assets | $686,874 | $424,607 | $170,917 | $55,828 | $0 |
| Total long-term assets | $5,661,892 | $5,375,861 | $5,256,327 | $3,299,276 | $3,323,510 |
| Total assets | $6,045,541 | $5,975,952 | $6,677,351 | $4,988,854 | $3,609,580 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $72,189 | $79,670 | $82,600 | $25,812 | $52,569 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $72,189 | $79,670 | $82,600 | $25,812 | $52,569 |
| Debt | $1,045,696 | $699,696 | $1,591,793 | $1,627,671 | $1,274,797 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $1,045,696 | $699,696 | $1,591,793 | $1,627,671 | $1,274,797 |
| Total liabilities | $1,117,885 | $779,366 | $1,674,393 | $1,653,483 | $1,327,366 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $4,926,051 | $5,093,055 | $5,002,958 | $2,987,754 | $2,227,977 |
| With donor restrictions | $1,605 | $103,531 | $0 | $347,617 | $54,237 |
| Net assets | $4,927,656 | $5,196,586 | $5,002,958 | $3,335,371 | $2,282,214 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $2,590,591 | $2,970,872 | $3,912,576 | $2,907,419 | $2,030,427 |
| Program service revenue | $151,603 | $223,939 | $255,168 | $277,702 | $609,877 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($943) | $129,978 | $0 | $0 | $0 |
| Other revenue | $71,424 | $51,487 | $66,888 | $47,035 | $25,721 |
| Total other revenue | $222,084 | $405,404 | $322,056 | $324,737 | $635,598 |
| Total revenue | $2,812,675 | $3,376,276 | $4,234,632 | $3,232,156 | $2,666,025 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $2,417,681 | $2,593,293 | $1,991,811 | $1,654,113 | $1,974,789 |
| Management and general | $285,059 | $244,142 | $218,758 | $219,632 | $226,243 |
| Fundraising | $378,865 | $345,213 | $356,476 | $305,254 | $348,509 |
| Total expenses | $3,081,605 | $3,182,648 | $2,567,045 | $2,178,999 | $2,549,541 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | ($268,930) | $193,628 | $1,667,587 | $1,053,157 | $116,484 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($268,930) | $193,628 | $1,667,587 | $1,053,157 | $116,484 |
Compensation
Compensation data for this ministry has not been collected.
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 8/25/2023. To update the information below, please email: [email protected]
History
Western Carolina Rescue Mission has served our community faithfully since March of 1981. For over thirty-five years, we have seen God move mightily in the lives of the men and women we serve. Some women and men come in for food and shelter, while others benefit from our one-year residential recovery program which offers freedom from the chains of addiction.