Mercy Education Foundation

Analysis

Mercy Education Foundation is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mercy Education Foundation reported income of $720k and spending of $23k, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $720k (+140%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 302%. Over the whole period it spent 7.5% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mercy Education Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within OK. Charities of a similar size with the same main cause include Southern Regional Technical College Foundation Inc ($720k), Friends and Foundation of the Princeton Public Library Inc ($720k) and National Microschooling Center ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.9m against liabilities of $147, net assets of $1.9m.