The Rescue Mission, Fort Wayne

Summary

The Rescue Mission, founded in 1903, is a faith-based, nonprofit, 501(c)(3) organization, providing restorative care to men, women and children experiencing a homeless crisis. Our organization serves Fort Wayne, Allen County, and its ten surrounding counties. The Mission is comprised of four ministries (or houses) that function as communities of compassion.


Contact information

Mailing address:
The Rescue Mission
404 E. Washington Blvd.
Fort Wayne, IN 46802

Website: fwrm.org

Phone: 260-426-7357

Email: info@fwrm.org


Organization details

EIN: 351054670

CEO/President: Donovan Coley

Chairman: Jeff Ostermann

Board size: 17

Founder:

Year founded: 1908

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2020


Purpose

To transform lives through the love of Jesus Christ. Our main purpose is to provide restorative care for men, women, and children who are experiencing a homeless crisis.


Mission statement

To provide, through the power of Jesus Christ, a home for the homeless, food for the hungry, and hope for their future.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating460 of 72598 of 145
Fund acquisition rating396 of 72677 of 145
Resource allocation rating386 of 72683 of 145
Asset utilization rating484 of 725113 of 145

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%11%10%12%13%17%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%10%9%11%12%16%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%91%93%92%95%94%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%13%16%16%18%18%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%9%7%8%5%6%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%78%75%74%73%73%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%78%60%69%69%87%
Program output ratio Program output ratio =
Program services /
Total revenue
76%61%45%51%50%63%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%22%40%31%31%13%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%13%29%27%35%15%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%9%10%10%10%9%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.370.400.540.640.74
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.933.391.982.473.006.34
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.501.250.781.351.934.70
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.6117.5119.1314.179.244.43
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.060.050.070.110.23
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.249.0414.518.295.541.98
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%21%9%12%16%25%
Debt ratio Debt ratio =
Debt /
Total assets
0%19%7%9%12%22%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
144%214%229%162%131%101%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$923,606$2,668,329$1,690,352$2,177,707$788,844
Receivables, inventories, prepaids$4,919,289$4,859,150$2,742,127$597,644$176,156
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$5,842,895$7,527,479$4,432,479$2,775,351$965,000
Long-term investments$0$0$0$0$0
Fixed assets$4,422,185$7,027,708$6,165,400$4,924,616$4,670,221
Other long-term assets$9,518,780$365,600$358,800$616,064$482,225
Total long-term assets$13,940,965$7,393,308$6,524,200$5,540,680$5,152,446
Total assets$19,783,860$14,920,787$10,956,679$8,316,031$6,117,446
 
Liabilities20192018201720162015
Payables and accrued expenses$333,634$393,413$312,749$300,324$217,890
Other current liabilities$0$0$0$0$0
Total current liabilities$333,634$393,413$312,749$300,324$217,890
Debt$3,816,069$990,000$990,000$990,000$1,340,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$3,816,069$990,000$990,000$990,000$1,340,000
Total liabilities$4,149,703$1,383,413$1,302,749$1,290,324$1,557,890
 
Net assets20192018201720162015
Unrestricted$8,502,833$7,033,427$5,958,459$4,258,236$3,636,658
Temporarily restricted$7,131,324$6,193,332$3,388,556$2,456,956$624,883
Permanently restricted$0$310,615$306,915$307,515$298,015
Net assets$15,634,157$13,537,374$9,653,930$7,025,707$4,559,556
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$8,592,152$9,101,009$7,936,248$7,412,862$4,888,781
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$42,897$3,005$34,810($1,191)$23,770
Other revenue$756,126$673,190$612,949$406,179$315,381
Total other revenue$799,023$676,195$647,759$404,988$339,151
Total revenue$9,391,175$9,777,204$8,584,007$7,817,850$5,227,932
 
Expenses20192018201720162015
Program services$5,691,765$4,399,285$4,394,527$3,885,638$3,300,996
Management and general$684,242$581,071$593,717$518,151$400,552
Fundraising$935,785$920,204$973,940$954,127$835,281
Total expenses$7,311,792$5,900,560$5,962,184$5,357,916$4,536,829
 
Change in net assets20192018201720162015
Surplus (deficit)$2,079,383$3,876,644$2,621,823$2,459,934$691,103
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,079,383$3,876,644$2,621,823$2,459,934$691,103

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs