Mercy Care for the Adirondacks Inc

Analysis

Mercy Care for the Adirondacks Inc is a registered charity in United States, based in Lake Placid, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2024, Mercy Care for the Adirondacks Inc reported income of $800k and spending of $764k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $652k to $800k (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Care for the Adirondacks Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Sparrow Clinical Research Institute ($800k), Tiki Island Volunteer Firefighters Association ($800k) and Joy International Exchange Student Inc ($800k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $116k (15% of expenses). Other salaries and wages came to $375k. At year end it held assets of $1.6m against liabilities of $107k, net assets of $1.5m. It reported 6 employees.