Mercy Center Inc

Analysis

Mercy Center Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Center Inc reported income of $4.6m and spending of $4.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.6m (+55%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mercy Center Inc 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 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include National D-Day Memorial Foundation Ltd ($4.6m), Iowa Girls High School Athletic Union ($4.6m) and Chesterfield Hockey Association ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $492k (12% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $5.6m against liabilities of $590k, net assets of $5.0m. It reported 84 employees.