Mercyworks Incorporated

Analysis

Mercyworks Incorporated is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mercyworks Incorporated reported income of $526k and spending of $852k, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $641k to $526k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mercyworks Incorporated sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Minnesota Association of Charter Schools ($526k), Madison Central School Educational Foundation Inc ($527k) and Institute for Peaceable Communities Inc ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $358k. At year end it held assets of $1.7m against liabilities of $32k, net assets of $1.6m. It reported 26 employees.