Mercy Home for Children

Analysis

Mercy Home for Children is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2019, 7 years ago. 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 Home for Children reported income of $22.3m and spending of $22.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.1m to $22.3m (+11%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Home for Children 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Town School Inc ($22.3m), Valley Area Agency on Aging ($22.3m) and Brewton Parker Christian University Inc ($22.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $253k (1.1% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $32.1m against liabilities of $13.3m, net assets of $18.8m. It reported 309 employees.