Mercy Housing Development Fund Company Inc

Analysis

Mercy Housing Development Fund Company Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 September 2023, Mercy Housing Development Fund Company Inc reported income of $585k and spending of $651k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $559k to $585k (+4.7%), an average of +1.1% a year. 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, Mercy Housing Development Fund Company Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Salvation Army Portland Residences Inc ($585k), Play Cousins Collective ($585k) and Boojum Institute for Experiential Education ($585k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $127k (19% of expenses). At year end it held assets of $2.2m against liabilities of $2.0m, net assets of $203k.