Mercado Global Inc

Analysis

Mercado Global Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Mercado Global Inc reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.6m (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Mercado Global Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Healthy Communities of the Capital ($1.6m), Friends of Bikur Cholim Ezrat Achim Inc ($1.6m) and Share Trust Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $686k. At year end it held assets of $802k against liabilities of $681k, net assets of $121k. It reported 4 employees.