Lexington Rescue Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/2/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

It often starts with a hot meal, hygiene supplies, or a warm bed. These simple acts of compassion can open the door to address the deeper issues that keep hurting people trapped in poverty and offer real hope for the future. The Mission is an interdenominational Christian non-profit organization that is governed by a local Board of Directors and is a certified member of Citygate Network.


Contact information

Mailing address:
Lexington Rescue Mission
444 Glen Arvin Ave
PO Box 1050
Lexington, KY 40588

Website: lexingtonrescue.org

Phone: 859-381-9600

Email: info@lexingtonrescue.org


Organization details

EIN: 611387338

CEO/President: Mrs. Laura E. Carr

Chairman: Gary Loucks

Board size: 9

Founder: Jim and Becky Connell

Year founded: 2001

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2011


Purpose

Reaching Hearts. Changing Lives. Since 2001, Lexington Rescue Mission has worked to rebuild lives that have been broken by poverty. Poverty steals peace. It crushes dignity. It destroys hope. So in all that we do, we invite people into the presence of Jesus Christ.


Mission statement

Lexington Rescue Mission exists to serve and glorify God through Christ-centered ministry that meets the physical, emotional and spiritual needs of hurting people in the greater Lexington area.


Statement of faith

We believe the Bible to be the inspired, infallible, authoritative Word of God and that there is one eternal God, who exists in three Persons: Father, Son and Holy Spirit.

We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death, through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, in His personal return in power and glory.

We believe that for the salvation of lost and sinful men, regeneration by the Holy Spirit is absolutely essential. This event we hold to be an experience, rather than a doctrinal supposition.

We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a Godly life.

We believe in the bodily resurrection of the just and unjust, the everlasting blessedness of the saved and the everlasting conscious punishment of the lost.

We believe in the spiritual unity of the believers in Christ, and together they form one body, the CHURCH.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating621 of 817115 of 150
Fund acquisition rating760 of 817143 of 150
Resource allocation rating740 of 817137 of 150
Asset utilization rating120 of 81725 of 150

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%24%26%18%30%25%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%22%24%17%28%25%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%92%94%95%94%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%25%24%28%29%29%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%8%6%5%6%1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%66%68%62%63%56%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%90%103%62%98%87%
Program output ratio Program output ratio =
Program services /
Total revenue
76%59%70%39%62%48%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%10%-3%38%2%13%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%15%-4%72%7%52%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%10%8%10%8%16%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.621.131.230.802.321.83
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.905.197.772.912.371.87
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.495.849.582.335.483.43
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.924.472.849.875.107.02
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.220.350.100.200.14
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.131.590.814.631.763.00
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%15%17%33%42%46%
Debt ratio Debt ratio =
Debt /
Total assets
0%11%13%29%34%38%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%75%67%84%25%30%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$249,511$149,501$287,718$224,356$297,600
Receivables, inventories, prepaids$70,113$37,743$348,816$30,086$20,704
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$319,624$187,244$636,534$254,442$318,304
Long-term investments$0$0$0$0$0
Fixed assets$1,339,452$1,266,853$1,215,518$341,892$268,931
Other long-term assets$0$0$2,886$5,773$8,660
Total long-term assets$1,339,452$1,266,853$1,218,404$347,665$277,591
Total assets$1,659,076$1,454,097$1,854,938$602,107$595,895
 
Liabilities20192018201720162015
Payables and accrued expenses$71,543$65,857$64,508$49,871$45,343
Other current liabilities$0$0$0$0$0
Total current liabilities$71,543$65,857$64,508$49,871$45,343
Debt$180,244$187,451$544,242$203,163$226,420
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$180,244$187,451$544,242$203,163$226,420
Total liabilities$251,787$253,308$608,750$253,034$271,763
 
Net assets20192018201720162015
Unrestricted$0$1,137,830$1,172,931$326,459$305,074
Temporarily restricted$0$62,959$73,257$22,614$19,058
Permanently restricted$0$0$0$0$0
Net assets$1,407,289$1,200,789$1,246,188$349,073$324,132
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$1,902,966$1,635,927$2,262,228$1,338,631$1,243,710
Program service revenue$86,080$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$29$0$0$0$200
Other revenue$85,010$111,971$119,055$81,446$15,421
Total other revenue$171,119$111,971$119,055$81,446$15,621
Total revenue$2,074,085$1,747,898$2,381,283$1,420,077$1,259,331
 
Expenses20192018201720162015
Program services$1,224,934$1,215,582$925,745$880,195$608,913
Management and general$182,217$149,679$145,855$115,886$170,721
Fundraising$460,434$428,036$412,568$399,055$311,471
Total expenses$1,867,585$1,793,297$1,484,168$1,395,136$1,091,105
 
Change in net assets20192018201720162015
Surplus (deficit)$206,500($45,399)$897,115$24,941$168,226
Other changes in net assets$0$0$0$0$0
Total change in net assets$206,500($45,399)$897,115$24,941$168,226

Compensation

NameTitleCompensation
Jim ConnellExecutive Dir.$88,408

Compensation data as of: 12/31/2019


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 12/2/2020. To update the information below, please email: info@ministrywatch.com


History

In the fall of 2000, Jim and Becky Connell felt led by the Lord to start a ministry to the poor and homeless. In April 2001, Jim left his job in Columbus, Indiana, and moved to Lexington to start the Lexington Rescue Mission.

Four months later, the mission purchased a building on North Limestone with the help of a generous gift from a Lexington couple. On November 21, 2001, services started with a Thanksgiving banquet at Broadway Christian Church. The mission then opened its doors to anyone in need of food, clothing, and financial assistance and began offering Bible studies and chapel services for guests.

Since that time, the mission has grown and changed to meet the needs of those we serve. However, one thing remains the same: God is at work here, rebuilding broken lives.


Program accomplishments


Needs