The Mabel Mercer Foundation Inc

Analysis

The Mabel Mercer Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1986, 40 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 December 2023, The Mabel Mercer Foundation Inc reported income of $443k and spending of $510k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $443k (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Mabel Mercer Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include West Essex First Aid Squad Inc ($443k), Hancock County Communitydevelopment Foundation ($443k) and N B C-U S a of New York One Housing Development Fund Corporation ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $104k (20% of expenses). Other salaries and wages came to $88k. At year end it held assets of $321k against liabilities of $879, net assets of $321k. It reported 4 employees.