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

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating907 of 1110111 of 138
Fund acquisition rating714 of 111192 of 138
Resource allocation rating635 of 111174 of 138
Asset utilization rating962 of 1110124 of 138

According to the organization's Form 990, it received $524,803 in government grants in 2023.


Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%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 ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%78%81%78%76%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%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
6%-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 ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.530.510.530.380.440.71
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.9515.769.964.702.9512.62
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.778.035.301.811.298.91
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.915.317.5317.2065.465.44
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.190.130.060.020.18
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.031.211.966.269.161.10
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%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
 
Assets20232022202120202019
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
 
Liabilities20232022202120202019
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 assets20232022202120202019
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
 
Revenue20232022202120202019
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
 
Expenses20232022202120202019
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 assets20232022202120202019
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.


Program accomplishments


Needs