Brothers of Mercy Sacred Heart Home Inc

Analysis

Brothers of Mercy Sacred Heart Home Inc is a registered charity in United States, based in Clarence, NY. It received its IRS tax-exemption ruling in March 1946, 80 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, Brothers of Mercy Sacred Heart Home Inc reported income of $6.4m and spending of $7.4m, spending 115% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.7m to $6.4m (+74%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brothers of Mercy Sacred Heart Home Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Communities United for Restorative Youth Justice ($6.4m), Buffalo Lake Healthcare Center Inc ($6.4m) and Chesterwye Center Inc ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $77k (1.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $21.3m against liabilities of $23.0m, net assets of -$1.7m. It reported 240 employees.