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 rating685 of 110486 of 140
Fund acquisition rating578 of 110575 of 140
Resource allocation rating458 of 110549 of 140
Asset utilization rating843 of 1104116 of 140

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%12%9%10%17%18%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%10%8%9%13%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%88%92%90%76%76%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%11%14%14%14%14%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%12%8%10%24%24%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%81%78%76%77%79%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%94%61%67%96%96%
Program output ratio Program output ratio =
Program services /
Total revenue
70%77%47%51%74%75%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%6%39%33%4%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%4%33%32%5%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%8%9%10%9%7%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.530.380.440.710.71
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.719.964.702.9512.6211.07
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.685.301.811.298.917.90
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.917.5317.2065.465.441.77
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.130.060.020.180.57
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.461.966.269.161.100.66
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%13%25%33%37%41%
Debt ratio Debt ratio =
Debt /
Total assets
1%12%24%33%35%36%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
160%163%195%153%90%82%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$576,080$1,401,648$1,653,339$246,074$289,771
Receivables, inventories, prepaids$24,011$19,376$36,239$39,996$44,632
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$600,091$1,421,024$1,689,578$286,070$334,403
Long-term investments$0$0$0$0$0
Fixed assets$4,951,254$5,085,410$3,243,448$3,323,510$3,367,113
Other long-term assets$424,607$170,917$55,828$0$0
Total long-term assets$5,375,861$5,256,327$3,299,276$3,323,510$3,367,113
Total assets$5,975,952$6,677,351$4,988,854$3,609,580$3,701,516
 
Liabilities20222021202020192018
Payables and accrued expenses$79,670$82,600$25,812$52,569$188,938
Other current liabilities$0$0$0$0$0
Total current liabilities$79,670$82,600$25,812$52,569$188,938
Debt$699,696$1,591,793$1,627,671$1,274,797$1,346,848
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$699,696$1,591,793$1,627,671$1,274,797$1,346,848
Total liabilities$779,366$1,674,393$1,653,483$1,327,366$1,535,786
 
Net assets20222021202020192018
Without donor restrictions$5,093,055$5,002,958$2,987,754$2,227,977$2,103,207
With donor restrictions$103,531$0$347,617$54,237$62,523
Net assets$5,196,586$5,002,958$3,335,371$2,282,214$2,165,730
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$2,970,872$3,912,576$2,907,419$2,030,427$2,090,979
Program service revenue$223,939$255,168$277,702$609,877$631,775
Membership dues$0$0$0$0$0
Investment income$129,978$0$0$0$0
Other revenue$51,487$66,888$47,035$25,721$37,531
Total other revenue$405,404$322,056$324,737$635,598$669,306
Total revenue$3,376,276$4,234,632$3,232,156$2,666,025$2,760,285
 
Expenses20222021202020192018
Program services$2,593,293$1,991,811$1,654,113$1,974,789$2,079,443
Management and general$244,142$218,758$219,632$226,243$183,893
Fundraising$345,213$356,476$305,254$348,509$379,324
Total expenses$3,182,648$2,567,045$2,178,999$2,549,541$2,642,660
 
Change in net assets20222021202020192018
Surplus (deficit)$193,628$1,667,587$1,053,157$116,484$117,625
Other changes in net assets$0$0$0$0$0
Total change in net assets$193,628$1,667,587$1,053,157$116,484$117,625

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