Overview
What is Rhode Island Rescue Ministries?
Rhode Island Rescue Ministries is a compassionate nonprofit organization situated in Providence, Rhode Island. Their primary mission is to aid homeless and impoverished individuals by providing essential resources such as meals, necessary supplies, and self-help services. They also offer missionary opportunities to local youths and families, furthering their commitment to community service. The organization operates under a Christian mission, offering food, shelter, clothing, and counseling to those in need. With a dedicated workforce of 17 individuals, Rhode Island Rescue Ministries plays a critical role in supporting the less fortunate in their community.
Official website here: www.providencerescuemission.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Rhode Island Rescue Ministries has received an 81% rating from Charity Navigator, which indicates a solid level of accountability and finance. The organization exhibits strong governance practices, as evidenced by its 100% independent board members and comprehensive policies in place, including conflict of interest and whistleblower protections. Additionally, it demonstrates a high program expense ratio of 91.01%, showing that a significant portion of its funds directly supports its programs.
Despite these strengths, there are areas where the organization could improve, particularly in its working capital ratio, which is reported at just 0.16 years. This suggests potential liquidity challenges that may impact its ability to sustain operations during lean periods. Nonetheless, the lack of material asset diversion and the efficient fundraising strategy, with a cost of only $0.05 per dollar raised, reflect positively on the organization’s financial health.
Overall, Rhode Island Rescue Ministries showcases a commendable commitment to transparency and effective use of resources, though it would benefit from enhancing its financial stability to ensure long-term operational resilience.
This AI summary has been generated from information found on Charity Navigator.
Is Rhode Island Rescue Ministries legitimate?
Rhode Island Rescue Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhode Island Rescue Ministries submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $92,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $280,303
For more financial information, click here
Official website here: www.providencerescuemission.org
What is the mission statement of Rhode Island Rescue Ministries?
Rhode Island Rescue Ministries is dedicated to serving the less fortunate through a Christian mission. Their primary focus is to provide essentials such as food, shelter, and clothing to the homeless community. Additionally, they offer self-help services and missionary opportunities to local youth and families. The mission of this organization is to alleviate the hardships faced by impoverished individuals by offering necessary resources and fostering a sense of community and empowerment.
Official website here: www.providencerescuemission.org
Who is the CEO of Rhode Island Rescue Ministries?
Sean Carew is the Exec Director of Rhode Island Rescue Ministries.
Official website here: www.providencerescuemission.org
What is the revenue of Rhode Island Rescue Ministries?
Rhode Island Rescue Ministries's revenue in 2022 was $4,494,936.
Official website here: www.providencerescuemission.org
Who are the executives of Rhode Island Rescue Ministries and what are their salaries?
The average compensation at Rhode Island Rescue Ministries during 2022 was $21,900. There are 17 employees and 10 volunteers at Rhode Island Rescue Ministries.
Here are 4 key members and their salaries:
- Compensation: $92,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.providencerescuemission.org
Where can I find the form 990 for Rhode Island Rescue Ministries?
Rhode Island Rescue Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.providencerescuemission.org
Learn more at the official website: www.providencerescuemission.org
Mission Statement of Rhode Island Rescue Ministries
Rhode Island Rescue Ministries is a Christian-led organization with a mission to aid the less fortunate. Their primary objective is to provide essential necessities such as food, shelter, and clothing to the homeless and impoverished individuals in the community. Beyond just offering material assistance, the ministry also offers self-help services and missionary opportunities to local youths and families, fostering a sense of community and empowerment. The overarching goal of Rhode Island Rescue Ministries is to uplift those in need, helping them regain their footing and rebuild their lives.
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Impact
July, 2024
Rhode Island Rescue Ministries has had a significant impact on the local community in Providence, RI. They provide essential services such as food, shelter, clothing, and counseling to the homeless and impoverished individuals in the area. Their mission is focused on helping those in need and offering self-help services and missionary opportunities to local youths and families. Rhode Island Rescue Ministries plays a crucial role in addressing the challenges faced by the homeless population and working towards improving their circumstances.
This information is meant to be a general summary of Rhode Island Rescue Ministries. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $4,494,936
Assets and Liabilities:
- Total Assets: $741,664
- Total Liabilities: $42,339
- Net Assets: $699,325
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Organization Details
Founding Year
1995
Phone
(401) 451-4283Principal Officer
Sean Carew
Main Address
627 CRANSTON STREET, PROVIDENCE, RI, 029071628
NTEE Category
Code: P60 - Human services
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