Knox Area Rescue Ministries

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/22/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

We achieve our mission through our ministry equation of Rescue + Relationships = Restoration. KARM uses this ministry equation because Jesus used it. He rescued us. He longs for a relationship with us. Through that rescue and ever-present, ever-growing relationship, He restores us. He spent his earthly ministry modeling for His followers the power and eternal impact of investing in others.

Every day of the year, 24 hours per day, Knox Area Rescue Ministries provides for Knoxville's vulnerable and desperate - first supplying rescue services of food and shelter; then providing healthy, supportive relationships; and, ultimately, restoration.


Contact information

Mailing address:
Knox Area Rescue Ministries
418 N Broadway
Knoxville, TN 37917

Website: karm.org

Phone: (865) 673-6540

Email: info@karm.org


Organization details

EIN: 620670972

CEO/President: Burt Rosen

Chairman: Dan Hurst

Board size: 17

Founder:

Year founded: 1964

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1987


Purpose

KARM serves men, women and children through a variety of progressive ministry programs designed to break the cycle of homelessness.

When rescue is combined with the support and encouragement provided by healthy relationships that reflect the heart of Jesus, true restoration can occur... restoration to God, self, family and community.


Mission statement

KARM's mission is to rescue and restore the poor and needy of the Knoxville area by providing recovery services in Jesus' name. We approach this ministry without a denominational affiliation and desire to utilize the full range of gifts in the Christian community to accomplish the mission to which God has called us.


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 rating64 of 91313 of 160
Fund acquisition rating291 of 91548 of 160
Resource allocation rating92 of 91516 of 160
Asset utilization rating165 of 91332 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%7%6%7%7%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%7%6%7%7%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%98%99%100%99%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%7%7%8%7%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%2%1%0%1%0%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%89%89%89%90%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%95%95%97%98%92%
Program output ratio Program output ratio =
Program services /
Total revenue
76%84%85%87%88%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%5%5%3%2%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%11%11%6%5%17%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%4%4%3%2%3%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.581.071.311.191.201.04
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.763.294.735.894.795.40
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.263.516.187.035.735.61
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.193.652.371.352.541.70
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.270.420.740.390.59
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.452.481.120.451.270.88
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%48%39%44%42%47%
Debt ratio Debt ratio =
Debt /
Total assets
1%39%30%31%34%36%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%49%47%47%48%51%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$4,819,132$1,899,043$1,375,175$1,811,921$1,594,044
Receivables, inventories, prepaids$938,752$902,224$772,388$663,964$631,685
Short-term investments$417,027$436,015$395,667$379,995$356,106
Other current assets$0$0$0$0$0
Total current assets$6,174,911$3,237,282$2,543,230$2,855,880$2,581,835
Long-term investments$0$0$0$0$0
Fixed assets$13,553,017$11,845,265$12,073,285$10,411,132$10,347,283
Other long-term assets$564,263$234,414$353,993$412,634$1,021,953
Total long-term assets$14,117,280$12,079,679$12,427,278$10,823,766$11,369,236
Total assets$20,292,191$15,316,961$14,970,508$13,679,646$13,951,071
 
Liabilities20202019201820172016
Payables and accrued expenses$1,690,549$1,365,099$1,879,658$1,122,916$1,518,623
Other current liabilities$0$0$0$0$0
Total current liabilities$1,690,549$1,365,099$1,879,658$1,122,916$1,518,623
Debt$7,989,315$4,553,314$4,696,700$4,658,946$5,001,983
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$7,989,315$4,553,314$4,696,700$4,658,946$5,001,983
Total liabilities$9,679,864$5,918,413$6,576,358$5,781,862$6,520,606
 
Net assets20202019201820172016
Without donor restrictions$10,499,949$9,347,086$8,228,788$7,303,300$6,797,211
With donor restrictions$112,378$51,462$165,362$594,484$633,254
Net assets$10,612,327$9,398,548$8,394,150$7,897,784$7,430,465
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$22,417,966$20,918,481$18,465,872$16,573,635$15,736,583
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$8,957$8,789$0$267$84
Other revenue$456,548$98,975($52,725)$191,666($3,204)
Total other revenue$465,505$107,764($52,725)$191,933($3,120)
Total revenue$22,883,471$21,026,245$18,413,147$16,765,568$15,733,463
 
Expenses20202019201820172016
Program services$19,207,647$17,814,304$15,963,621$14,788,607$12,776,290
Management and general$854,941$856,677$566,047$365,991$404,682
Fundraising$1,607,104$1,350,866$1,342,403$1,198,179$1,302,794
Total expenses$21,669,692$20,021,847$17,872,071$16,352,777$14,483,766
 
Change in net assets20202019201820172016
Surplus (deficit)$1,213,779$1,004,398$541,076$412,791$1,249,697
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,213,779$1,004,398$541,076$412,791$1,249,697

Compensation

NameTitleCompensation
Burt RosenPresident/CEO$225,734

Compensation data as of: 6/30/2020


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 3/22/2021. To update the information below, please email: info@ministrywatch.com


History

In 1960, five local pastors began looking for ways to meet the needs of Knoxville's growing homeless population. They envisioned a ministry that would share the love of Jesus Christ by meeting the spiritual, physical and emotional needs of hurting and homeless men who found themselves lost and forgotten in a busy world.

On December 8 of that year, they opened the doors of the Knoxville Union Rescue Mission, located on Fifth Avenue in the heart of Knoxville's downtown. With a new facility and staff fully in place, the young ministry began the slow, yet steady work of rescue and transformation, extending the hands and heart of Jesus Christ to all who walked through its doors.

Responding to the changing face of homelessness and East Tennessee's growing need, the ministry changed its name to Knox Area Rescue Ministries (KARM).

Over the years, crimes of violence, theft, drugs and human trafficking among Knoxville's homeless have dramatically increased, creating a culture of hopeless despair and resulting in a cyclical lifestyle that many find impossible to escape on their own.

In the very middle of this seemingly hopeless and chaotic situation, Knox Area Rescue Ministries continues to open its doors to our area's homeless and hurting-extending overwhelming biblical hospitality and using our ministry formula of Rescue + Relationships = Restoration to help rekindle lost hope.

Since 1960, KARM has seen change of leadership, expansion of facilities, and the refinement of operational processes and procedures. But one thing has not changed-our commitment to restore lives in Jesus' name.


Program accomplishments


Needs

karm.org/our-needs