Mercy Drive Inc

Analysis

Mercy Drive Inc is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Drive Inc reported income of $32.0m and spending of $29.4m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $31.0m to $32.0m (+3.3%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercy Drive Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Youth Development Inc ($32.0m), Food Bank of Northeast Georgia Inc ($32.0m) and Marrakech Housing Options Inc ($32.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. Other salaries and wages came to $21.0m. At year end it held assets of $28.8m against liabilities of $7.5m, net assets of $21.3m. It reported 781 employees.