Rescue Legacy Fund Inc

Organization Overview

Rescue Legacy Fund Inc is located in Durham, NC. The organization was established in 2010. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Rescue Legacy Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rescue Legacy Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Rescue Legacy Fund Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $889.2k during the year ending 12/2022. While expenses have increased by 18.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE, SUPPORT, AND FACILITATE THE WORK OF THE RESCUE MISSION MINISTRIES, INC. D/B/A DURHAM RESCUE MISSION, DURHAM NC, A NONPROFIT CORPORATION ORGANIZED UNDER NC LAW. GOD HAS BLESSED RESCUE MISSION MINISTRIES, INC. WITH FUNDS THAT HAVE BEEN DESIGNATED BY THE BOARD OF DIRECTORS IN ITS LONG RANGE PLAN FOR UTILIZATION OF UNRESTRICTED NET ASSET FUNDS. THE PRIMARY OBJECTIVE IS TO BE A GOOD STEWARD OF THESE ASSETS, BY MANAGING AND PRODUCING A FAVORABLE INVESTMENT RETURN AS COMPARED AGAINST INFLATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE, SUPPORT, AND FACILITATE THE WORK OF THE RESCUE MISSION, INC. D/B/A DURHAM RESCUE MISSION, DURHAM NC, A NONPROFIT CORPORATION ORGANIZED UNDER NC LAW.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Gail Mills
Chairman
$108,146
Charles Churchll
Chaplain
$0
Gary Doane
Secretary
$0
Ken Folz
Treasurer
$0
Tom Williams
Vice Chairma
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,123,322
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$20,711
Noncash contributions included in lines 1a–1f $23,322
Total Revenue from Contributions, Gifts, Grants & Similar$2,144,033
Total Program Service Revenue$0
Investment income $442,382
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,328,331
Net Gain/Loss on Asset Sales -$62,825
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,864,354

Peer Organizations

Organization NameAssets
National Christian Foundation Real Property Inc
Alpharetta, GA
$41,670,149
Jewish Foundation Of Memphis
Memphis, TN
$22,059,555
Mcmichael Communications Group Inc
Atlanta, GA
$7,865,214
Belz 2008 Foundation
Memphis, TN
$1,838,099
St Marys Highland Hills Inc
Athens, GA
$5,741,111
Hopegivers International Inc
Columbus, GA
$1,935,528
Church Of God Foundation Inc
Cleveland, TN
$3,102,842
Family Christian Resource Centers Inc
Alpharetta, GA
$649,000
Cecil D Hylton Memorial Chapel
Woodbridge, VA
$1,118,979
St Andrews Church-Mt Pleasant Land Tr
Mount Pleasant, SC
$2,115,593
Bellevue Foundation Inc
Cordova, TN
$5,724,897
Teleios Ministry
Greenville, SC
$1,296,536
Above & Beyond Missions Inc
Cornelius, NC
$16,823
Rescue Legacy Fund Inc
Durham, NC
$3,864,354
Ground 40 Ministries
Monroe, NC
$1,008,736
Cathedral Of The Sacred Heart Foundation
Richmond, VA
$270,274
Barnabas Center- Richmond
Richmond, VA
$737,242
The United Methodist Renewal Services Fellowship
Goodlettsville, TN
$262,756
Remnant Ministry
Annandale, VA
$666,986
Love House Community Bowling Center Inc
Beaufort, SC
$709,097
Onnie Mae Spruill Foundation Inc
Dunwoody, GA
$652,683
Calvary Endowment Foundation Inc
Memphis, TN
$239,515
World Water Project
Knoxville, TN
$490,800
The Shepherds Fold Inc
Rock Hill, SC
$511,147
Love Of Jesus Inc
N Chesterfield, VA
$471,422

Create an account to unlock the data you need.

or