Mercy University

Analysis

Mercy University is a registered charity in United States, based in Dobbs Ferry, NY. It received its IRS tax-exemption ruling in April 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy University reported income of $202.3m and spending of $195.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $174.4m to $202.3m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mercy University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Trustees of Union College ($201.6m), Davidson College ($202.4m) and Lake Erie College of Osteopathic Medicine Inc ($201.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $2.7m (1.4% of expenses). Other salaries and wages came to $68.1m. At year end it held assets of $645.0m against liabilities of $215.7m, net assets of $429.3m. It reported 2,523 employees.