Mercy Center Incorporated

Analysis

Mercy Center Incorporated is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Center Incorporated reported income of $1.7m and spending of $1.6m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.7m (-5.2%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mercy Center Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Mississippi United Methodist Foundation Inc ($1.7m), The First Congregational Church of Long Beach ($1.7m) and Camp Spalding ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $47k (3.0% of expenses). Other salaries and wages came to $579k. At year end it held assets of $1.6m against liabilities of $382k, net assets of $1.2m. It reported 30 employees.