Mercy Ministries of Laredo

Analysis

Mercy Ministries of Laredo is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Mercy Ministries of Laredo reported income of $1.8m and spending of $3.9m, spending 208% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.8m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 184% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Ministries of Laredo 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 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Good Samaritan Project ($1.8m), Empower House Sa ($1.9m) and Sexual Assault Services of Northwest New Mexico Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $34.8m against liabilities of $324k, net assets of $34.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.