Mercyfirst

Analysis

Mercyfirst is a registered charity in United States, based in Syosset, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Mercyfirst reported income of $48.3m and spending of $50.7m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.8m to $48.3m (+3.1%), an average of +0.8% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercyfirst sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Brethren Home Community ($48.1m), Mather Investments NFP ($48.4m) and Cen-Clear Child Services Inc ($48.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $670k (1.3% of expenses). Other salaries and wages came to $25.7m. At year end it held assets of $31.1m against liabilities of $25.6m, net assets of $5.5m. It reported 630 employees.