Mercy Chefs Inc

Analysis

Mercy Chefs Inc is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Mercy Chefs Inc reported income of $13.7m and spending of $14.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $13.7m (+378%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 123%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercy Chefs Inc 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 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Human Services Center ($13.7m), Seniorcare Inc ($13.8m) and Catholic Charities of the Diocese of Pittsburgh Inc ($13.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.3m (9.5% of expenses). Other salaries and wages came to $3.0m. It paid $703k in professional fundraising fees. At year end it held assets of $10.8m against liabilities of $1.0m, net assets of $9.8m. It reported 82 employees.