Mercy Ministries Inc

Analysis

Mercy Ministries Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Mercy Ministries Inc reported income of $94k and spending of $153k, spending 162% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $202k to $94k (-53%), an average of -53% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercy Ministries Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within GA. Charities of a similar size with the same main cause include Snow Family Foundation Inc ($94k), Center for the Women of New York ($94k) and Missouri Operation Lifesaver Inc ($94k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $495k against liabilities of $65k, net assets of $430k.