House of Mercy

Analysis

House of Mercy is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, House of Mercy reported income of $2.6m and spending of $2.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.6m (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, House of Mercy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Provident Ministries Ltd ($2.6m), Ashtalakshmi Temple ($2.6m) and Chapin We Care Center ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $318k (13% of expenses). Other salaries and wages came to $345k. At year end it held assets of $1.0m against liabilities of $16k, net assets of $992k. It reported 16 employees.