Raleigh Rescue Mission Incorporated
EIN: 566024168 · Raleigh, NC · NTEE: P600
| Metric | Value |
|---|---|
| Total Revenue | $11.3M |
| Total Expenses | $4.6M |
| Net Assets | $4.9M |
Is Raleigh Rescue Mission Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raleigh Rescue Mission Incorporated
Raleigh Rescue Mission Incorporated (EIN: 566024168) is a nonprofit organization based in Raleigh, NC, classified under NTEE code P600. The organization reported total revenue of $11.3M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raleigh Rescue Mission Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raleigh Rescue Mission Incorporated is a large nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.6M |
| Surplus / Deficit | $-3,246 |
| Total Assets | $5.3M |
| Total Liabilities | $338K |
| Net Assets | $4.9M |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 13.7 months |
Financial Health Grade: B
In 2023, Raleigh Rescue Mission Incorporated reported a deficit of $3K with expenses exceeding revenue, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Raleigh Rescue Mission Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.2% | -16.7% | -1.4% |
| 2022 | -20.6% | +5.3% | -8.0% |
| 2021 | +10.2% | -2.3% | +11.7% |
| 2020 | +6.6% | -12.0% | +26.4% |
| 2019 | -10.9% | -1.5% | -15.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Raleigh Rescue Mission Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Raleigh Rescue Mission Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.4%.
Frequently Asked Questions about Raleigh Rescue Mission Incorporated
Is Raleigh Rescue Mission Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Raleigh Rescue Mission Incorporated (EIN: 566024168) insufficient data. 0 red flags identified, 0 strengths noted.
How does Raleigh Rescue Mission Incorporated spend its money?
Detailed spending breakdown data is not yet available for Raleigh Rescue Mission Incorporated. Check back for updated IRS 990 analysis.
Are donations to Raleigh Rescue Mission Incorporated tax-deductible?
Raleigh Rescue Mission Incorporated is registered as a tax-exempt nonprofit (EIN: 566024168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Raleigh Rescue Mission Incorporated located?
Raleigh Rescue Mission Incorporated is headquartered in Raleigh, North Carolina and files with the IRS under EIN 566024168. It is classified under NTEE code P600.
How many years of IRS 990 filings does Raleigh Rescue Mission Incorporated have?
Raleigh Rescue Mission Incorporated has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.3M in total revenue.
Filing History
IRS 990 filing history for Raleigh Rescue Mission Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Raleigh Rescue Mission Incorporated's revenue has grown by 1.6%, moving from $4.5M to $4.6M. Total assets decreased by 8.1% over the same period, from $5.7M to $5.3M. Total functional expenses fell by 4.4%, from $4.8M to $4.6M. In its most recent filing year (2023), Raleigh Rescue Mission Incorporated reported a deficit of $3K, with expenses exceeding revenue. The organization holds $338K in liabilities against $5.3M in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $4.6M | $5.3M | $338K | — | — |
| 2022 | $5.1M | $5.5M | $5.3M | $376K | — | View 990 |
| 2021 | $6.4M | $5.3M | $5.8M | $366K | — | View 990 |
| 2020 | $5.8M | $5.4M | $5.2M | $862K | — | View 990 |
| 2019 | $5.4M | $6.1M | $4.1M | $199K | — | View 990 |
| 2018 | $6.1M | $6.2M | $4.9M | $261K | — | View 990 |
| 2017 | $6.7M | $6.7M | $4.9M | $206K | — | View 990 |
| 2016 | $6.1M | $6.1M | $5.0M | $305K | — | View 990 |
| 2015 | $5.2M | $5.2M | $4.9M | $259K | — | View 990 |
| 2014 | $4.9M | $4.8M | $4.9M | $180K | — | View 990 |
| 2013 | $4.8M | $6.0M | $4.8M | $199K | — | View 990 |
| 2012 | $5.0M | $4.6M | $6.1M | $202K | — | View 990 |
| 2011 | $4.5M | $4.8M | $5.7M | $209K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $4.6M, and assets of $5.3M (revenue -9.2% year-over-year).
- 2022: Revenue of $5.1M, expenses of $5.5M, and assets of $5.3M (revenue -20.6% year-over-year).
- 2021: Revenue of $6.4M, expenses of $5.3M, and assets of $5.8M (revenue +10.2% year-over-year).
- 2020: Revenue of $5.8M, expenses of $5.4M, and assets of $5.2M (revenue +6.6% year-over-year).
- 2019: Revenue of $5.4M, expenses of $6.1M, and assets of $4.1M (revenue -10.9% year-over-year).
- 2018: Revenue of $6.1M, expenses of $6.2M, and assets of $4.9M (revenue -9.1% year-over-year).
- 2017: Revenue of $6.7M, expenses of $6.7M, and assets of $4.9M (revenue +9.6% year-over-year).
- 2016: Revenue of $6.1M, expenses of $6.1M, and assets of $5.0M (revenue +18.7% year-over-year).
- 2015: Revenue of $5.2M, expenses of $5.2M, and assets of $4.9M (revenue +5.8% year-over-year).
- 2014: Revenue of $4.9M, expenses of $4.8M, and assets of $4.9M (revenue +2.1% year-over-year).
- 2013: Revenue of $4.8M, expenses of $6.0M, and assets of $4.8M (revenue -4.4% year-over-year).
- 2012: Revenue of $5.0M, expenses of $4.6M, and assets of $6.1M (revenue +10.3% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.8M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raleigh Rescue Mission Incorporated:
Data Sources and Methodology
This transparency report for Raleigh Rescue Mission Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.