Mercy Haven Inc

Analysis

Mercy Haven Inc is a registered charity in United States, based in Islip Terrace, NY. It received its IRS tax-exemption ruling in May 1986, 40 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 December 2023, Mercy Haven Inc reported income of $10.2m and spending of $9.6m, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $8.0m to $10.2m (+28%), an average of +8.6% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Haven Inc 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 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Housing Opportunities for Women Inc ($10.2m), Chicago Metropolitan Housing Development Corporation ($10.2m) and Habitat for Humanity International Inc ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $527k (5.5% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $19.3m against liabilities of $14.7m, net assets of $4.6m. It reported 148 employees.