Mertens House Inc

Analysis

Mertens House Inc is a registered charity in United States, based in Woodstock, VT. It received its IRS tax-exemption ruling in December 1984, 42 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mertens House Inc reported income of $1.3m and spending of $2.9m, spending 224% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $1.3m (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mertens House Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within VT. Charities of a similar size with the same main cause include The Wilson Memorial Hospital Foundation ($1.3m), David Minkin Residence Housing Development Fund Company Inc ($1.3m) and Cardinal Productions ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 117% of the total. Compensation of current officers, directors and key employees was $156k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $30.8m against liabilities of $197k, net assets of $30.6m. It reported 41 employees.