Mercer Street Friends Center

Analysis

Mercer Street Friends Center is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in November 1960, 66 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Mercer Street Friends Center reported income of $16.4m and spending of $13.7m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $16.4m (+213%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercer Street Friends Center 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 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Kidspeace National Centers of New England Inc ($16.4m), Cascade Connections ($16.4m) and Westminister-Canterbury Management Corporation ($16.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $116k (0.9% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $17.6m against liabilities of $7.4m, net assets of $10.2m. It reported 123 employees.