Our Lady of Mercy Apartment Inc

Analysis

Our Lady of Mercy Apartment Inc is a registered charity in United States, based in Abbeville, LA. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Our Lady of Mercy Apartment Inc reported income of $157k and spending of $182k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $108k to $157k (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Our Lady of Mercy Apartment Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within LA. Charities of a similar size with the same main cause include Maine Supportive Housing Inc ($157k), Equal Housing Opportunity Inc ($157k) and Humanity Housing Inc ($157k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $22k. At year end it held assets of $788k against liabilities of $32k, net assets of $755k.