Mercy Manor II

Analysis

Mercy Manor II is a registered charity in United States, based in Albany, MN. It received its IRS tax-exemption ruling in March 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Mercy Manor II reported income of $129k and spending of $226k, spending 176% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $129k to $129k (-0.3%), an average of -0.1% a year. Over the whole period it spent 162% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Manor II sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Abraham-Moss Village Inc ($129k), Cambray Housing Corporation ($129k) and Hudesman House Apartments ($129k).

On its Form 990 for the period ending September 2022, revenue came from program service revenue 99% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.4m against liabilities of $145k, net assets of $1.2m.

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.