Kokomo Rescue Mission 
The information on this page was last updated 5/11/2023. If you see errors or omissions, please email: [email protected]
Summary
Kokomo Rescue Mission is a Christian social service ministry providing Bible-based solutions to the problems of poverty and homelessness. The Mission provides both shelter and outreach services. Shelter is available for men and for women and children, with programs with programs that minister to body, mind and spirit. Outreach programs include a free public dining room open twice daily and family assistance programs providing free clothing and household items. Holiday outreach provides help to family at Thanksgiving and Christmas.
Contact information
Mailing address:
Kokomo Rescue Mission
PO Box 476
Kokomo, IN 46903-0476
Website: kokomorescuemission.org
Phone: (765) 456-3838
Email: [email protected]
Organization details
EIN: 351104430
CEO/President: Van C. Taylor
Chairman: Mike Fox
Board size: 15
Founder:
Ruling year: 1978
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1997
Purpose
The vision of Kokomo Rescue Mission is to see the homeless, hungry, and hurting achieve wholeness through its Christ-centered programs and services.
Mission statement
Kokomo Rescue Mission exists to proclaim the Good News and demonstrate the compassion of Jesus Christ to the homeless, hungry, and hurting in North Central Indiana.
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 | | 803 of 1106 | 95 of 140 |
| Fund acquisition rating | | 706 of 1107 | 93 of 140 |
| Resource allocation rating | | 850 of 1107 | 98 of 140 |
| Asset utilization rating | | 544 of 1106 | 66 of 140 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 15% | 14% | 13% | 12% | 14% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 13% | 14% | 13% | 10% | 13% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 90% | 96% | 97% | 89% | 94% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 15% | 17% | 13% | 13% | 13% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 10% | 4% | 3% | 11% | 6% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 74% | 71% | 75% | 77% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 90% | 87% | 81% | 99% | 79% | 101% |
Program output ratio Program output ratio = Program services / Total revenue | 71% | 64% | 57% | 74% | 61% | 78% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 10% | 13% | 19% | 1% | 21% | -1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 8% | 12% | 1% | 18% | -1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 11% | 12% | 12% | 10% | 10% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.51 | 0.51 | 0.71 | 0.67 | 0.78 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.80 | 1.87 | 2.14 | 3.55 | 3.95 | 4.24 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.69 | 0.96 | 1.10 | 2.51 | 2.65 | 3.30 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.05 | 28.10 | 32.77 | 14.49 | 15.29 | 16.51 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.04 | 0.03 | 0.07 | 0.07 | 0.06 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.30 | 12.02 | 10.59 | 4.45 | 4.24 | 3.42 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 2% | 1% | 7% | 2% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 157% | 190% | 192% | 132% | 147% | 127% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $1,449,226 | $1,294,902 | $1,007,359 | $498,187 | $589,724 |
| Receivables, inventories, prepaids | $888,560 | $1,275,819 | $166,086 | $490,432 | $160,708 |
| Short-term investments | $982,390 | $16,048 | $12,974 | $13,154 | $13,080 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,320,176 | $2,586,769 | $1,186,419 | $1,001,773 | $763,512 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $2,886,448 | $2,936,494 | $3,028,263 | $2,383,892 | $2,464,779 |
| Other long-term assets | $500 | $0 | $0 | $571,139 | $8,693 |
| Total long-term assets | $2,886,948 | $2,936,494 | $3,028,263 | $2,955,031 | $2,473,472 |
| Total assets | $6,207,124 | $5,523,263 | $4,214,682 | $3,956,804 | $3,236,984 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $118,159 | $78,945 | $81,874 | $65,515 | $46,246 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $118,159 | $78,945 | $81,874 | $65,515 | $46,246 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $201,000 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $201,000 | $0 | $0 |
| Total liabilities | $118,159 | $78,945 | $282,874 | $65,515 | $46,246 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $5,331,347 | $4,729,496 | $3,213,670 | $3,295,228 | $3,016,086 |
| With donor restrictions | $757,618 | $714,822 | $718,138 | $596,061 | $174,652 |
| Net assets | $6,088,965 | $5,444,318 | $3,931,808 | $3,891,289 | $3,190,738 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $3,308,728 | $3,365,626 | $2,940,630 | $2,994,036 | $2,338,714 |
| Program service revenue | $141,714 | $86,334 | $83,713 | $100,338 | $127,346 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,095 | $1,535 | ($23,948) | $2,296 | $912 |
| Other revenue | $231,090 | $41,556 | $22,844 | $255,733 | $16,306 |
| Total other revenue | $373,899 | $129,425 | $82,609 | $358,367 | $144,564 |
| Total revenue | $3,682,627 | $3,495,051 | $3,023,239 | $3,352,403 | $2,483,278 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $2,372,813 | $2,006,531 | $2,234,280 | $2,030,921 | $1,929,025 |
| Management and general | $341,563 | $350,762 | $355,403 | $272,776 | $257,204 |
| Fundraising | $481,992 | $485,555 | $391,027 | $347,273 | $333,361 |
| Total expenses | $3,196,368 | $2,842,848 | $2,980,710 | $2,650,970 | $2,519,590 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $486,259 | $652,203 | $42,529 | $701,433 | ($36,312) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $486,259 | $652,203 | $42,529 | $701,433 | ($36,312) |
Compensation
| Name | Title | Compensation |
| Van Taylor | Exec Dir | $120,079 |
Compensation data as of: 6/30/2022
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 5/11/2023. To update the information below, please email: [email protected]
History
Program accomplishments
31,336 nights of shelter provided for our homeless neighbors
87,423 meals served to hungry men, women, and children
503 different men and women, and an additional 54 different children were assisted at our three shelters for men, women and women with children.