Raleigh Rescue Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/28/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Raleigh Rescue Mission is a Christian organization that helps rebuild the broken lives of homeless men, women and children in our community by ministering to their physical, emotional and spiritual needs. Raleigh Rescue Mission has brought the hope of Jesus Christ to the homeless and hurting in our community. While at the Mission, our clients receive safe shelter, nourishing meals, counseling, medical care in our on-site medical clinic, substance abuse recovery services, educational, vocational and life skill classes in our on-site Adult Learning Center and childcare in our on-site, licensed preschool center to help them on their journey to recovery. At Raleigh Rescue Mission, lives are changed and hope restored.


Contact information

Mailing address:
Raleigh Rescue Mission
P. O. Box 27391
Raleigh, NC 27611-7611

Website: www.raleighrescue.org

Phone: (919) 828-9014

Email: stevem@raleighrescue.org


Organization details

EIN: 566024168

CEO/President: John Luckett

Chairman: Harvey Jay Easterling

Board size: 8

Founder:

Year founded: 1962

Tax deductible: Yes

Fiscal year end: 08/31

Member of ECFA: Yes

Member of ECFA since: 1986


Purpose

Our Vision is to realize transformed lives and a transformed community through Christ. We are a place with a long-term purpose. We are a place with a steadfast strategy to break the cycle of poverty and empower people to rebuild their lives. We are here for those who need a second chance.


Mission statement

Through the love of Jesus Christ, Raleigh Rescue Mission transforms lives of men, women and children experiencing homelessness by ministering to their physical, emotional and spiritual needs.


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 rating166 of 91338 of 160
Fund acquisition rating396 of 91572 of 160
Resource allocation rating249 of 91544 of 160
Asset utilization rating196 of 91340 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%9%7%17%17%18%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%8%6%15%15%16%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%90%87%89%89%89%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%9%6%15%15%16%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%10%13%11%11%11%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%84%87%78%79%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%93%112%102%100%100%
Program output ratio Program output ratio =
Program services /
Total revenue
76%78%98%80%79%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%7%-12%-2%0%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%10%-17%-2%0%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%7%7%7%6%6%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.581.041.491.281.371.22
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.762.424.313.323.513.56
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.262.516.434.244.794.35
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.196.534.795.626.804.62
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.150.210.180.150.22
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.454.051.482.332.142.16
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%17%5%5%4%6%
Debt ratio Debt ratio =
Debt /
Total assets
1%10%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%80%64%74%70%77%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,654,561$675,242$523,470$621,016$794,260
Receivables, inventories, prepaids$345,583$184,428$573,730$402,054$226,378
Short-term investments$146,486$92,273$370,779$378,930$387,361
Other current assets$0$0$0$0$0
Total current assets$2,146,630$951,943$1,467,979$1,402,000$1,407,999
Long-term investments$0$0$0$0$0
Fixed assets$3,004,554$3,114,781$3,329,531$3,449,059$3,536,210
Other long-term assets$38,298$37,467$72,109$67,541$63,538
Total long-term assets$3,042,852$3,152,248$3,401,640$3,516,600$3,599,748
Total assets$5,189,482$4,104,191$4,869,619$4,918,600$5,007,747
 
Liabilities20202019201820172016
Payables and accrued expenses$328,864$198,586$261,007$206,062$304,986
Other current liabilities$0$0$0$0$0
Total current liabilities$328,864$198,586$261,007$206,062$304,986
Debt$532,900$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$532,900$0$0$0$0
Total liabilities$861,764$198,586$261,007$206,062$304,986
 
Net assets20202019201820172016
Without donor restrictions$4,299,505$3,872,142$4,545,587$4,672,712$4,662,935
With donor restrictions$28,213$33,463$63,025$39,826$39,826
Net assets$4,327,718$3,905,605$4,608,612$4,712,538$4,702,761
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$5,245,391$4,715,005$5,456,091$5,971,013$5,488,949
Program service revenue$545,325$693,965$578,470$666,738$576,545
Membership dues$0$0$0$0$0
Investment income$1,315$8,356$7,536$7,103($608)
Other revenue$17,327$30,652$73,696$81,489$70,468
Total other revenue$563,967$732,973$659,702$755,330$646,405
Total revenue$5,809,358$5,447,978$6,115,793$6,726,343$6,135,354
 
Expenses20202019201820172016
Program services$4,543,929$5,324,223$4,877,196$5,299,522$4,780,912
Management and general$362,618$454,943$439,539$399,364$379,795
Fundraising$481,143$345,562$903,704$1,020,244$963,188
Total expenses$5,387,690$6,124,728$6,220,439$6,719,130$6,123,895
 
Change in net assets20202019201820172016
Surplus (deficit)$421,668($676,750)($104,646)$7,213$11,459
Other changes in net assets$0$0$0$0$0
Total change in net assets$421,668($676,750)($104,646)$7,213$11,459

Compensation

NameTitleCompensation
John LuckettPresident/CEO$133,000

Compensation data as of: 8/31/2020


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 12/28/2020. To update the information below, please email: info@ministrywatch.com


History

We've been here for almost 60 years offering hope and help to individuals who find themselves homeless and hurting. We've been here, we're still here, and we will stay here. We've seen the City of Raleigh undergo significant growth, bringing prosperity for many - but not for all. Alongside the progress there are those who suffer from homelessness brought about by trauma, domestic violence, family tragedy, job loss, addiction, or health issues, just to name a few. These are the people we serve.


Program accomplishments

More than 750,000 men, women, and children have stepped through our doors, found shelter under our roof, and found the love of Christ in action.


Needs