Our Lady of Mercy Life Center

Analysis

Our Lady of Mercy Life Center is a registered charity in United States, based in Guilderland, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a hospital or medical research organisation 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 Life Center reported income of $20.7m and spending of $20.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.9m to $20.7m (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Lady of Mercy Life Center 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include The Caring Community of Connecticut Inc ($20.7m), Jobs for Maines Graduates Inc ($20.7m) and Agency on Aging Area 4 ($20.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $116k (0.6% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $11.8m against liabilities of $2.5m, net assets of $9.3m. It reported 297 employees.