Our Lady of Mercy Senior Manor Housing Development Fund Corporati

Analysis

Our Lady of Mercy Senior Manor Housing Development Fund Corporati is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Our Lady of Mercy Senior Manor Housing Development Fund Corporati reported income of $948k and spending of $971k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $746k to $948k (+27%), an average of +6.2% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Lady of Mercy Senior Manor Housing Development Fund Corporati sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Lake Cumberland Childrens Advocacy Center ($948k), Adaptive Design Association Inc ($948k) and Urban Alliance Inc ($948k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. At year end it held assets of $4.5m against liabilities of $6.6m, net assets of -$2.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.