Western Carolina Rescue Ministries, Inc

The information on this page was last updated 11/1/2022. 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

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating719 of 1022111 of 155
Fund acquisition rating486 of 102576 of 155
Resource allocation rating630 of 102590 of 155
Asset utilization rating762 of 1022129 of 155

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%9%10%17%18%22%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%8%9%13%14%16%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%92%90%76%76%73%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%14%14%14%14%17%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%8%10%24%24%27%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%78%76%77%79%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
85%61%67%96%96%95%
Program output ratio Program output ratio =
Program services /
Total revenue
67%47%51%74%75%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
15%39%33%4%4%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
12%33%32%5%5%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%9%10%9%7%7%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.530.380.440.710.710.60
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.924.702.9512.6211.0710.61
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.621.811.298.917.906.42
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.1917.2065.465.441.771.18
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.060.020.180.570.85
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.106.269.161.100.660.29
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%25%33%37%41%43%
Debt ratio Debt ratio =
Debt /
Total assets
1%24%33%35%36%35%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
155%195%153%90%82%95%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$1,401,648$1,653,339$246,074$289,771$371,302
Receivables, inventories, prepaids$19,376$36,239$39,996$44,632$11,848
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,421,024$1,689,578$286,070$334,403$383,150
Long-term investments$0$0$0$0$0
Fixed assets$5,085,410$3,243,448$3,323,510$3,367,113$2,748,875
Other long-term assets$170,917$55,828$0$0$933,043
Total long-term assets$5,256,327$3,299,276$3,323,510$3,367,113$3,681,918
Total assets$6,677,351$4,988,854$3,609,580$3,701,516$4,065,068
 
Liabilities20212020201920182017
Payables and accrued expenses$82,600$25,812$52,569$188,938$324,347
Other current liabilities$0$0$0$0$0
Total current liabilities$82,600$25,812$52,569$188,938$324,347
Debt$1,591,793$1,627,671$1,274,797$1,346,848$1,411,001
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$1,591,793$1,627,671$1,274,797$1,346,848$1,411,001
Total liabilities$1,674,393$1,653,483$1,327,366$1,535,786$1,735,348
 
Net assets20212020201920182017
Without donor restrictions$5,002,958$2,987,754$2,227,977$2,103,207$2,183,149
With donor restrictions$0$347,617$54,237$62,523$146,571
Net assets$5,002,958$3,335,371$2,282,214$2,165,730$2,329,720
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$3,912,576$2,907,419$2,030,427$2,090,979$1,884,341
Program service revenue$255,168$277,702$609,877$631,775$658,721
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$66,888$47,035$25,721$37,531$33,372
Total other revenue$322,056$324,737$635,598$669,306$692,093
Total revenue$4,234,632$3,232,156$2,666,025$2,760,285$2,576,434
 
Expenses20212020201920182017
Program services$1,991,811$1,654,113$1,974,789$2,079,443$1,885,037
Management and general$218,758$219,632$226,243$183,893$164,345
Fundraising$356,476$305,254$348,509$379,324$408,758
Total expenses$2,567,045$2,178,999$2,549,541$2,642,660$2,458,140
 
Change in net assets20212020201920182017
Surplus (deficit)$1,667,587$1,053,157$116,484$117,625$118,294
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,667,587$1,053,157$116,484$117,625$118,294

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 11/1/2022. 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