Mercy Housing and Shelter Corporation

Analysis

Mercy Housing and Shelter Corporation is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Mercy Housing and Shelter Corporation reported income of $7.8m and spending of $7.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $7.8m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Housing and Shelter Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Emergency Shelter Services Inc ($7.8m), SSND Mmu MCH Venture Inc ($7.8m) and Catholic Charities Housing Services Diocese of Yakima ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $343k (4.4% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $12.0m against liabilities of $1.2m, net assets of $10.8m. It reported 123 employees.