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
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 622 of 940 | 109 of 160 |
| Fund acquisition rating | | 538 of 942 | 94 of 160 |
| Resource allocation rating | | 748 of 942 | 129 of 160 |
| Asset utilization rating | | 354 of 940 | 71 of 160 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 11% | 24% | 26% | 18% | 30% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 10% | 22% | 24% | 17% | 28% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 92% | 92% | 94% | 95% | 94% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 19% | 25% | 24% | 28% | 29% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 8% | 8% | 6% | 5% | 6% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 69% | 66% | 68% | 62% | 63% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 54% | 90% | 103% | 62% | 98% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 37% | 59% | 70% | 39% | 62% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 46% | 10% | -3% | 38% | 2% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | 58% | 15% | -4% | 72% | 7% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 12% | 10% | 8% | 10% | 8% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.58 | 0.64 | 1.13 | 1.23 | 0.80 | 2.32 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.76 | 2.67 | 5.19 | 7.77 | 2.91 | 2.37 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.24 | 1.72 | 5.84 | 9.58 | 2.33 | 5.48 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.14 | 11.61 | 4.47 | 2.84 | 9.87 | 5.10 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.09 | 0.22 | 0.35 | 0.10 | 0.20 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.45 | 6.39 | 1.59 | 0.81 | 4.63 | 1.76 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 3% | 15% | 17% | 33% | 42% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 0% | 11% | 13% | 29% | 34% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 141% | 150% | 75% | 67% | 84% | 25% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $1,169,814 | $249,511 | $149,501 | $287,718 | $224,356 |
| Receivables, inventories, prepaids | $117,834 | $70,113 | $37,743 | $348,816 | $30,086 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,287,648 | $319,624 | $187,244 | $636,534 | $254,442 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $2,145,564 | $1,339,452 | $1,266,853 | $1,215,518 | $341,892 |
| Other long-term assets | $0 | $0 | $0 | $2,886 | $5,773 |
| Total long-term assets | $2,145,564 | $1,339,452 | $1,266,853 | $1,218,404 | $347,665 |
| Total assets | $3,433,212 | $1,659,076 | $1,454,097 | $1,854,938 | $602,107 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $110,941 | $71,543 | $65,857 | $64,508 | $49,871 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $110,941 | $71,543 | $65,857 | $64,508 | $49,871 |
| Debt | $0 | $180,244 | $187,451 | $544,242 | $203,163 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $180,244 | $187,451 | $544,242 | $203,163 |
| Total liabilities | $110,941 | $251,787 | $253,308 | $608,750 | $253,034 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $3,239,634 | $1,346,220 | $1,137,830 | $1,172,931 | $326,459 |
| With donor restrictions | $82,637 | $61,069 | $62,959 | $73,257 | $22,614 |
| Net assets | $3,322,271 | $1,407,289 | $1,200,789 | $1,246,188 | $349,073 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $3,777,692 | $1,902,966 | $1,635,927 | $2,262,228 | $1,338,631 |
| Program service revenue | $326,010 | $86,080 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $29 | $0 | $0 | $0 |
| Other revenue | $22,109 | $85,010 | $111,971 | $119,055 | $81,446 |
| Total other revenue | $348,119 | $171,119 | $111,971 | $119,055 | $81,446 |
| Total revenue | $4,125,811 | $2,074,085 | $1,747,898 | $2,381,283 | $1,420,077 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $1,516,322 | $1,224,934 | $1,215,582 | $925,745 | $880,195 |
| Management and general | $264,693 | $182,217 | $149,679 | $145,855 | $115,886 |
| Fundraising | $429,814 | $460,434 | $428,036 | $412,568 | $399,055 |
| Total expenses | $2,210,829 | $1,867,585 | $1,793,297 | $1,484,168 | $1,395,136 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $1,914,982 | $206,500 | ($45,399) | $897,115 | $24,941 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,914,982 | $206,500 | ($45,399) | $897,115 | $24,941 |
Compensation
| Name | Title | Compensation |
| Laura Carr | Exec Dir (began Aug 2020) | $72,512 |
| Jim Connell | Exec Dir (retired Aug 2020) | $67,546 |
| John A Lindsey | Director of Administration | $56,226 |
Compensation data as of: 12/31/2020
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 12/2/2020. 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.