Covenant Mercy Mission Inc

Analysis

Covenant Mercy Mission Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1973, 53 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Covenant Mercy Mission Inc reported income of $3.6m and spending of $3.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.6m (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2023, when income rose by 230%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Covenant Mercy Mission Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include National Foundation for Infectious Diseases ($3.6m), Biomedical Engineering Society ($3.6m) and Coalition for the Homeless of Pasco ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $8,077 (0.2% of expenses). Other salaries and wages came to $18k. At year end it held assets of $243k against liabilities of $0, net assets of $243k. It reported 3 employees.