Western Carolina Rescue Ministries, Inc 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 1/5/2022. To update the information in this column, please email: info@ministrywatch.com
Summary
Our Mission is simple: Rescue, Recovery & Restoration in Jesus' name! We provide food & shelter, a substance abuse recovery program, and job skills training. While we serve our clients regardless of their beliefs, we are motivated by the teachings of Jesus Christ. Currently our Rescue services for men, women and children include providing meals, food boxes, overnight shelter, showers and clothing. We provide restoration services for men and women that include life counseling, job training and assistance with transitional services. Formal on site programs include Success Academy for men and women, Joshua Plan for men, Abba's Love for women, and Abba's House for addicted mothers and their babies.
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: Becca@westerncarolinarescue.org
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
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 | | 673 of 1022 | 107 of 160 |
| Fund acquisition rating | | 558 of 1024 | 91 of 160 |
| Resource allocation rating | | 678 of 1024 | 102 of 160 |
| Asset utilization rating | | 577 of 1022 | 103 of 160 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 10% | 17% | 18% | 22% | 18% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 9% | 13% | 14% | 16% | 14% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 90% | 76% | 76% | 73% | 77% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 14% | 14% | 14% | 17% | 17% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 10% | 24% | 24% | 27% | 23% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 76% | 77% | 79% | 77% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 89% | 67% | 96% | 96% | 95% | 81% |
Program output ratio Program output ratio = Program services / Total revenue | 70% | 51% | 74% | 75% | 73% | 62% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 11% | 33% | 4% | 4% | 5% | 19% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | 32% | 5% | 5% | 5% | 24% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 10% | 9% | 7% | 7% | 7% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.55 | 0.44 | 0.71 | 0.71 | 0.60 | 0.59 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.27 | 2.95 | 12.62 | 11.07 | 10.61 | 5.08 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.85 | 1.29 | 8.91 | 7.90 | 6.42 | 3.00 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.95 | 65.46 | 5.44 | 1.77 | 1.18 | 3.60 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.02 | 0.18 | 0.57 | 0.85 | 0.28 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.53 | 9.16 | 1.10 | 0.66 | 0.29 | 2.89 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 33% | 37% | 41% | 43% | 45% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 33% | 35% | 36% | 35% | 39% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 150% | 153% | 90% | 82% | 95% | 93% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $1,653,339 | $246,074 | $289,771 | $371,302 | $278,106 |
| Receivables, inventories, prepaids | $36,239 | $39,996 | $44,632 | $11,848 | $510,492 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,689,578 | $286,070 | $334,403 | $383,150 | $788,598 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $3,243,448 | $3,323,510 | $3,367,113 | $2,748,875 | $2,837,731 |
| Other long-term assets | $55,828 | $0 | $0 | $933,043 | $381,435 |
| Total long-term assets | $3,299,276 | $3,323,510 | $3,367,113 | $3,681,918 | $3,219,166 |
| Total assets | $4,988,854 | $3,609,580 | $3,701,516 | $4,065,068 | $4,007,764 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $25,812 | $52,569 | $188,938 | $324,347 | $218,933 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $25,812 | $52,569 | $188,938 | $324,347 | $218,933 |
| Debt | $1,627,671 | $1,274,797 | $1,346,848 | $1,411,001 | $1,577,405 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $1,627,671 | $1,274,797 | $1,346,848 | $1,411,001 | $1,577,405 |
| Total liabilities | $1,653,483 | $1,327,366 | $1,535,786 | $1,735,348 | $1,796,338 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $2,987,754 | $2,227,977 | $2,103,207 | $2,183,149 | $1,672,316 |
| With donor restrictions | $347,617 | $54,237 | $62,523 | $146,571 | $539,110 |
| Net assets | $3,335,371 | $2,282,214 | $2,165,730 | $2,329,720 | $2,211,426 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $2,907,419 | $2,030,427 | $2,090,979 | $1,884,341 | $2,233,442 |
| Program service revenue | $277,702 | $609,877 | $631,775 | $658,721 | $657,293 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $47,035 | $25,721 | $37,531 | $33,372 | $17,254 |
| Total other revenue | $324,737 | $635,598 | $669,306 | $692,093 | $674,547 |
| Total revenue | $3,232,156 | $2,666,025 | $2,760,285 | $2,576,434 | $2,907,989 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $1,654,113 | $1,974,789 | $2,079,443 | $1,885,037 | $1,815,647 |
| Management and general | $219,632 | $226,243 | $183,893 | $164,345 | $160,335 |
| Fundraising | $305,254 | $348,509 | $379,324 | $408,758 | $393,316 |
| Total expenses | $2,178,999 | $2,549,541 | $2,642,660 | $2,458,140 | $2,369,298 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $1,053,157 | $116,484 | $117,625 | $118,294 | $538,691 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,053,157 | $116,484 | $117,625 | $118,294 | $538,691 |
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 1/5/2022. To update the information below, please email: info@ministrywatch.com
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.